填空题 Paul Krugman, the {{U}} {{U}} 1 {{/U}} {{/U}}Noble Prize Winner in {{U}} {{U}} 2 {{/U}} {{/U}}, delivered a speech with the theme of "the Future of Sino-US {{U}} {{U}} 3 {{/U}} {{/U}}under the New Pattern" in Shanghai Jiao Tong University.
He said. I think it is very bad with excessive investment in real estate, because the bubble brought about by real {{U}} {{U}} 4 {{/U}} {{/U}}investment is the bubble that can result in no {{U}} {{U}} 5 {{/U}} {{/U}}. Krugman disfavored excessive debt, especially the excessive debt of government and family to {{U}} {{U}} 6 {{/U}} {{/U}}the house. He said. As early as 2005, I have written that American economy has made a society in which people make their living by selling houses and this is not a {{U}} {{U}} 7 {{/U}} {{/U}}development {{U}} {{U}} 8 {{/U}} {{/U}}. Developing countries are in great need of {{U}} {{U}} 9 {{/U}} {{/U}}for development. When China got foreign direct investments, it produced products to gain foreign {{U}} {{U}} 10 {{/U}} {{/U}}which, however, were not {{U}} {{U}} 11 {{/U}} {{/U}}left to its own use. I find it difficult to understand why China invests so much money {{U}} {{U}} 12 {{/U}} {{/U}}, and now it seems these investments have low {{U}} {{U}} 13 {{/U}} {{/U}}. I think China should {{U}} {{U}} 14 {{/U}} {{/U}}domestic public investment and {{U}} {{U}} 15 {{/U}} {{/U}}domestic demand. Krugman also said. The recovery of China's economy will bring a method or a development mode out of {{U}} {{U}} 16 {{/U}} {{/U}}to other countries, but China cannot {{U}} {{U}} 17 {{/U}} {{/U}}the recovery of {{U}} {{U}} 18 {{/U}} {{/U}}economy due to its {{U}} {{U}} 19 {{/U}} {{/U}}of world GDP being too {{U}} {{U}} 20 {{/U}} {{/U}}.