[jyl]

I don't really see what leverage GOOG has over the Chinese govt. They have Baidu which is #1 in search market in China, don't need GOOG.

Obvious play on this is BIDU stock. If #2 goes away, more profit for #1. (I've never actually looked at the stock, just kidding, sort of.)

GOOG has some other businesses they are trying to do. Android O/S for mobile devices, cloud computing hosting, etc. If they get in some kind of cut-off-nose-to-spite-face search spat with the Chinese govt, that can't help those ventures.