Binhai is expected to help revitalize the economy in North China. And foreign direct investment is key.

Song Lianxian, Deputy Director, Admin. Comm., Tianjin Binhai New Area, said, "But past experiences show that foreign investment represents a lion's share of inflow capitals in various development zones in China, on to their success. The role of foreign investment is vital and can not be replaced. "

Much has been done to upgrade Binhai's infrastructure. And local officials say "soft" measures are needed as well.

Song also said, "We've tried to improve administrative efficiency and the living environment. We are also planning to carry out pilot financial reforms, to create a better investment and fund-raising mechanism. A good physical environment is not enough. Favorable policies are just as, if not more important."

Government efforts appear to be paying off, not only in Binhai, but in the country as a whole. Figures show that for the past 15 years, China has been the largest FDI recipient among developing countries.

Motorola is one of the largest multinationals in China, with a 15-year presence. It also has 17 R&D centers across the country.

Song said, "What has made foreign companies confident about the market is the country's stability and its willingness to develop the economy."

But it's not just about increasing capital inflow. China also wants more technology transfer for its domestic companies.

Foreign direct investment has been a vital driving force behind China's economic miracle in the past two decades. The development of the Tianjin Binhai New Area is only one story reflecting China's efforts to improve investment environment. With even better domestic capabilities, China will now be wanting quality rather than quantity in investment from abroad.

In tomorrow's Across China Special, we take a closer look at a draft law protecting private property. Although the principle is enshrined in Constitution, the question remains how to implement it. Please join us then.

Editor:Liu Fang