The company had added support for the Chinese consumers to set-up a merchant account in Google Wallet, which is a necessity to sell paid apps.

According to Google, the Chinese app developers will receive payment to their Chinese bank accounts via USD wire transfers.

China is the world’s largest smartphone market based on shipment volumes, which means Google is losing out on potential revenue from millions of smartphones and tablets that don’t have access to its services and app store.

Controls on Internet needed to maintain stability: China

Chinese officials called for controls on the Internet to preserve stability, saying its model for cyberspace regulation can be the framework for spawning commercial successes like Alibaba Group Holding Ltd.

The comments, made at the start of the World Internet Conference (WIC), show China is unlikely to loosen its tight grip on the medium even as it has begun a transformation of its economic model.

"This place is crowded with tourists, who are perfectly orderly, and cyberspace should also be free and open, with rules to follow and always following the rule of law," Lu Wei, China's Internet chief and director of the State Internet Information Office, said at the conference.
Among those attending the conference were executives from Apple Inc, Facebook Inc, LinkedIn Corp, IBM Corp , Microsoft Corp, Qualcomm Inc, SoftBank Corp, Cisco Systems Inc, Inc, Nokia, Intel Corp and Thomson Reuters Corp.

With a population of 1.4 billion and 632 million people online, China is a market no one wants to miss out on. But it also has the world's most sophisticated online censorship system, known outside the country as the Great Firewall.

It blocks many social media services, such as Twitter, Facebook, YouTube, Instagram, Snapchat and Google, along with many rights groups sites and some foreign media agencies.