By Natalie Erlick, CNBC.com Writer/Producer
Google CEO Eric Schmidt said he stands by his decision not to agree with China's censorship of its Web site. "We think it's important to be in China," Schmidt said, in an interview on CNBC. "We want to do it in a way that doesn't violate our fundamental principles." Earlier Friday, Google ( GOOG) said Chinese authorities had renewed its license to operate, averting a potential shutdown of the site. "We do believe the move to Hong Kong does meet Chinese law and also the principles Americans care about," he said.
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