Last week Google (GOOG) threatened to pull out of China, explaining that it has had enough of the government’s interference (both open and clandestine) with Google’s efforts to serve its markets while doing no harm. Whether the company will actually pull out or not remains to be seen. The immediate beneficiary of the announcement was native competitor Baidu (BIDU), whose stock climbed 20% over the next two days. Baidu is in the portfolio of Cabot China & Emerging Markets Report, and subscribers are happy about that. (Interestingly, Baidu’s Chief Technology Officer resigned yesterday … coincidence?) As for Google, I...