Bob Prince, Co-Chief Investment Officer of Qiaoshui, the world's largest hedge fund, believes that even after the COVID-19 pandemic has passed, US economic growth may be “severely” limited because the US did not hesitate to expand its budget deficit and print large amounts of money in order to stimulate economic growth during the pandemic.

Looking ahead, he said, America's fiscal policy will continue to be the main source of stimulus, which will only fuel more and more debt and put pressure on the exchange rate. Prince said this is also a problem all over the world, but outside of Asia, the problem is even more acute.

“Global investors tend to be very Western-centric,” he said. But some countries are doing better at dealing with the virus without increasing budget deficits and money printing.”

Prince explained that, for example, China's economy is “closer to normal,” and so are asset prices in most parts of Asia, and investors should keep this in mind.

“There is a huge economic difference between East and West,” he said. As an investor, you shouldn't just look at the West.”