When looking at the Chinese stock market in the last few days, we see a rather unusual picture. Several stocks were increasing in the high single digits or even double digits for several days in a row. Baidu, Inc. (My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large ...