Binhai says reform still on track

Tianjin Binhai New Area, a pilot zone of China's economic reform and a promising growth locomotive for North China, is not backing down amid the economic slowdown.

Gou Lijun, director of the Tianjin Binhai New Area administrative committee, said some foreign investors are slowing their pace in funding new projects in Binhai, and the harbor has witnessed decreasing trade transactions.

However, the official, at a press conference organized by the State Council Information Office marking the 30th anniversary of China's opening-up and reform policy, said he is confident on the long-term prospects and Binhai will stick to its reform plan.