Djokovic overcame Spain's Rafael Nadal in straight sets and maintain a remarkable 100 percent record in the Beijing tournament, while Williams claimed a 6-2, 6-2 victory over Serbia's Jelena Jankovic as her dominant season continues.
Djokovic, who has won the event the four times he has entered, was at his ruthless best to defeat Nadal 6-3, 6-4, a day before he is set to be unseated at the top of the world rankings by the Spaniard.
It was Nadal's first hard court loss of the season.
Top seed Djokovic then powered ahead, showing formidable power-hitting to take the first set 25 minutes later.
The pair displayed incredible movement in the opening game of the second set, engaging in quickfire net-play much to the delight of the crowd.
Nadal came out on top of that duel, winning the point, but Djokovic took the game to break serve.
Djokovic then kept his nerve, holding serve until the end of the match on one hour 27 minutes.
The Spaniard only needed to make the final to unseat him.
After the match, Djokovic congratulated Nadal on his achievement.
"I have to say congratulations to Rafael because he deserves definitely to be number one of the world this year with the season that he has had," he said in an interview on court.
"He is the best player so far in 2013, there is no question about it.
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