Sino-U.S. trade to keep on soaring

Tensions between the United States and China over trade and investments will rise under the leaderships of Xi Jinping and re-elected President Barack Obama, but Chinese investments in the US will nonetheless soar, say lawyers involved in Sino-US deals.

"Obama will be tough on trade with China because it's good politics," said Edmund Sim, a partner at Appleton Luff, a US law firm.

Obama won almost all the Midwestern states in the recent US election because of his policies favouring US industries such as the bailout of the car industry, Sim said.

via Business feed http://www.scmp.com/business/china-business/article/1096029/sino-us-trade-keep-soaring