East Asia Forum says:

During its first term, the Obama administration provoked China’s anger by condemning its sweeping territorial claims and military assertiveness in the South China Sea. During the campaign, each candidates accused the other of failing to stand up to China: the Romney camp accused Obama of not condemning Chinese currency manipulation, while the Obama camp accused Romney of helping companies that shipped American jobs to China and doubted whether a Romney administration could crack down on Chinese dumping in the American market. This could be dismissed as election rhetoric, and Asian (including Chinese) analysts seem to regard Obama as a more moderate voice than Romney in dealing with trade and finance disputes with China. With China’s own leadership change over, one might expect a period of stability in bilateral relations under the second Obama administration. Yet Chinese suspicions of the US rebalancing policy as being a new form of containment would conflict with the administration’s desire to pursue a more constructive relationship with Beijing.

Read more: http://www.eastasiaforum.org/2012/11/11/what-obamas-second-term-means-for-asia/