Can Google China compete with Baidu?

Baidu is the China's main search engine and currently the 4th biggest website in the world. It has a market value of $3 billion and the question is: can Google and Yahoo withstand competition from Baidu, in China?
"According to CNNIC report, 62.1% users choose Baidu as their preferred search engine, representing an increase of 10 percentage in one year, while Google China’s market share decreased 8 percentage to 25.3%. In Mr. Lv’s research, Baidu gained 13% market share in last year, almost two third users use Baidu as their first...
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