Global 'Marshall Plan' to boost economic growth

China can keep a brisk pace of growth over the coming decades by joining the global economic stimulus plan for infrastructure construction, Justin Yifu Lin, the former chief economist at the World Bank, said at the ongoing sixth annual Meeting of New Champions in Tianjin.

Because effects from the global financial crisis may continue, both developed and emerging economies should cooperate on a worldwide "Marshall Plan" for expanded investment in fixed assets, especially in infrastructure, Lin said.

"A new round of economic stimulus in China should depend on fiscal measures rather than sharply easing monetary policies," he said, noting the negative effects of the 4 trillion yuan injection of cash in 2008.