Keep in mind that internet advertising and the relevance to the economy is magnified. People start to see the future and want to invest in the future. Imagine, China escaped un-damaged by the crisis.
Just like the Asian meltdown before, and they held the value of the currency when everybody was devaluing. Just like now, they aren't not going to listen with all this talk of letting the value of the currency rise. Baidu like the other high quality China stocks should pop.