BEIJING - Google Inc., No. 2 in China's Web search market, is giving its local managers more autonomy and investing more in China in an effort to make up for its late entry and take the lead in the industry, CEO Eric Schmidt said Friday.

"We are catching up. Our investment is working and we will eventually be the leader," Schmidt told reporters.

Google has 21.7 percent of China's search market, well behind industry leader Baidu.com Inc., which has 55 percent, according to market data company iResearch Inc.

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