"How scared should corporate China be of Hu Shuli?" The Economist magazine's May 27 issue asks this question in a profile of the gutsy editor of Caijing Magazine.

Founded in 1998 and owned by a group of Chinese intellectuals—notably Wang Boming, the son of a former deputy foreign minister—who earlier helped to set up China's stockmarkets, Caijing combines investigative reporting with the sort of critical commentary that a decade ago would have landed its journalists in jail. A story on investment funds a few years ago was so hard-hitting that Ms Hu was dubbed “the most dangerous woman in China”...

Caijing's mission is to stop China, as it lurches towards the market, from succumbing to the crony capitalism widespread in Asia. “We want to influence decision-makers, not reflect what they think." [says Hu].

The cover story of Caijing's May 20 issue (pictured) is entitled the fight for Ha'erbin Beer.

No one could have foretold that the Harbin Brewery Group Ltd (HK 249) would trigger the largest purchasing war for a Hong Kong-listed company since the famous Hong Kong Telecom case in 2000. All eyes have focused on the fourth largest mainland brewery, which floated its shares in Hong Kong just two years ago with market capitalization of HK$3 billion.
The two rivals who either reluctantly or intentionally joined the battle are the two leading brewery groups in the world -- Anheuser-Busch Limited (AB) and SABMiller PLC (SAB).

Caijing's English version of the Ha'erbin Beer article is here.
The Economist article about Hu Shuli is here.
Previous articles about Caijing on Danwei are here.