Google (NASDAQ:GOOG) (NASDAQ:GOOGL) hasn't given up on China. While the company took a major step out of the country back in 2009, Google's always had a small stake there. But as China's become the world's largest smartphone market, dominated by Google's own mobile operating system, the company wants back in, and in a big way.

Last week, an article published in The Information said that Google will re-enter China this fall, give smartphone makers in the country incentive to upgrade to the latest version of Android and Google Wear, launch a new Play Store, and even allow the Chinese government to oversee some of its data. Click on the following video to find out more about Google's China plans and why it could benefit.