To adjust the imbalance, Beijing has scheduled China Unicom to take over fixed-line operator China Netcom (See " Beijing Smiles On China Unicom").

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Google bought an estimated 2.6% of Baidu last year and observers wondered whether Schmidt sought to take over the then-wee China firm.

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The idea that China will eventually take over as the dominant economy is not news to most economists.

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China Railway will also take over the effort to get those permits.

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Take for example over-the-counter listed China Renewable Energy Holdings Inc.

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Francis had been managing the property side of the business in China when he was asked to take over.

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Buyers in Hong Kong who a year ago drove over the border to buy clothing in southern China now take flights to Dhaka in Bangladesh.

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South Africa will take over as the KP chair next year, and Milovanovic said that China had volunteered to serve as deputy chair - a step which could see Beijing, which is working hard to cement ties with resource-rich African nations, take over the full chairmanship in 2014.

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In remarks today, China's central bank governor acknowledged the challenges posed by China's trade surplus, but Chinese officials insist currency reforms will take place over time.

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