News Digest: China visit, conventions, health care and more

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Staying on top of  the news can be a time-consuming task. SmallBusinessChicago has scoured various news outlets to bring you current summaries of business stories with local relevance:

Chinese state visit includes Chicago trade forum. Chinese President Hu Jintao touched down in Washington, D.C. Tuesday afternoon on an official state visit that includes a stop in Chicago later this week. The visit intends to bring together Chinese and American leaders and business executives to discuss the economic tensions that burdened the relationship between the two global powers in 2010, The Washington Post reported Tuesday. Once in Chicago, Jintao will meet with Midwest business executives and prominent Chicagoans. Friday morning will feature a keynote presentation by Chinese Minster of Commerce, His Excellency Chen Deming, which will include discussion of small and medium size enterprise partnerships between the two nations, according to the Chicago Council on Global Affairs, the event’s sponsor.

Conventions return to Chicago. Two more organizations will be holding their annual conventions in Chicago, the Tribune reported Tuesday. The Professional Convention Management Association and the American Society of Anesthesiologists will bring their events to McCormick Place in 2015 and 2016 respectively. This follows a new state law passed last year designed to encourage more companies to bring their shows to Chicago. Measures include reduced in-house crew sizes and more flexibility for exhibitors to do their own work or to bring in outside contractors, according to a May 2010 release by the Chicago Convention and Tourism Bureau.

A civil divide. Like their Congressional counterparts, Americans stand divided on the fate of the health care bill up for debate again Wednesday. A joint poll by The Washington Post and ABC News found that 45 percent of those surveyed supported the law while 37 percent wanted some or all of it repealed. As for how the bill would affect the economy, over half said it would be harmful, while 39 percent thought it would be helpful, ABC News reported. Nearly four in ten think the bill will create jobs while 46 percent believe it will lead to job cuts, according to ABC.

Obama eases business regulations. President Barack Obama signed an executive order Tuesday that pulls back some regulations for companies struggling to emerge from the recession, the Tribune reported. In an editorial for the Wall Street Journal, the Obama administration explained that the order intends to “remove outdated regulations that stifle job creation and make our economy less competitive.”

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