China A 'Very Important Market' Says Google

Google has reaffirmed its commitment to China, describing it as one of the most important markets for the company.

Speaking at a conference in Beijing, Google vice president John Liu said that China had a huge potential for market growth and Google will continue to offer its services as best as it can, news agency the AFP reports.

The announcement comes after Google decided to terminate the contracts of seven large online advertisement resellers with effect from 27 October.

Describing China as "very important market for Google", Liu said during the conference that “Google, together with our team and partners, will spare no effort in helping China users and companies in digital marketing.”

Meanwhile, Google's somewhat uncertain position in China has helped its rival Baidu in gaining more ground in the Chinese search market, accounting for more than 70 per cent of the market.

Google share of the market fell to 24.2 per cent in June, down from the 30.9 per cent recorded for the first quarter.