一 | The government of Venezuela is set to offer stakes in the state-owned Banco de Venezuela and telecom service provider CANTV in the coming weeks, it’s being reported.,Announcing the Banco de Venezuela public offering at a news conference in June, Vice President Delcy Rodriguez said the move would “give impetus to the national stock market” and “open the doors” of the enterprises “to national and international investors in local currency or foreign currency.”,“I think an important time has come for the Venezuelan Stock Market,” she said, stressing that while Venezuelans are “taking the first step with the Bank of Venezuela… the telecommunications company CANTV is coming soon.”,The public offering is the latest in a series of moves by authorities in the Caribbean nation to correct the course of their ailing economy. In late July, Venezuelan President Nicolas Maduro signed a law designating a number of Special Economic Zones in the country, with an eye towards ultimately transcending “the oil rentier model.”,Venezuela has been plagued for years by shortages, extreme inflation, and other serious issues caused in large part by Washington’s unilateral sanctions regime aimed at crippling the country’s economy.,To make matters worse, last week, the British Supreme Court ruled that approximately $2 billion in Venezuelan gold that’s currently being held in the Bank of England belongs to opposition leader Juan Guaido, rather than the elected government.,Maduro’s administration has indicated it will appeal the decision, but it seems unlikely that authorities in Caracas will prevail, especially given the UK’s extensive history of plotting against the Venezuelan government.,While intermittent power outages continue to interfere with oil exports, there are growing signs that Venezuela may have finally turned the corner financially and could soon stand on its own feet once again. Earlier this year, the United Nations Economic Commission for Latin America and the Caribbean forecast that the economy will grow by 5.0% this year – the highest in all of South America.,The normalization of ties with Colombia’s incoming Gustavo Petro administration will also provide ample opportunities for increased income and reduced military expenditures. Business groups on both sides of the Colombia-Venezuela border say its planned reopening – which could come as soon as this week – should provide around $1.2 billion in trade by the end of the year.。 Chinese Foreign Minister Wang Yi said Wednesday that China and South Korea should demonstrate strategic vision and work to ensure the healthy, stable and sustainable development of bilateral relations. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with South Korean Foreign Minister Cho Hyun. Wang expressed hope that South Korea, based on its fundamental interests, pursues an independent foreign policy and develops relations with other countries in parallel without conflict. Wang said that since the end of last year, the top leaders of the two countries have successfully exchanged visits and reached an important consensus on the future development of China-South Korea relations, providing strategic guidance for the bilateral relationship. Ushering in the 34th anniversary of the establishment of diplomatic relations between the two sides, Wang said China is ready to work with South Korea to advance the China-South Korea strategic cooperative partnership to a new level. He noted that the two sides should maintain high-level exchanges. China and South Korea have a solid foundation of economic and trade cooperation, and have become a deeply integrated community of shared interests, said Wang, expressing hope that the two sides tap new areas of cooperation and growth in artificial intelligence, green transition, digital economy, high-end equipment and the silver economy, and accelerate the second phase of negotiations on the China-South Korea Free Trade Agreement. The two sides should continue to promote exchanges in areas such as youth, media, sports, think tanks, and local governments, and work to further strengthen the public support and social foundation for bilateral relations, he said. Wang said China is ready to take its hosting of the 2026 APEC Economic Leaders' Meeting as an opportunity to work with all parties, including South Korea, to build an Asia-Pacific community, and inject new impetus into peace and development in the Asia-Pacific region and beyond. Cho Hyun said South Korea has consistently upheld the one-China policy it has followed since the establishment of diplomatic relations with China. He added that South Korea looks forward to maintaining close high-level exchanges with China, deepening exchanges and cooperation in areas such as economy and trade, high technology, artificial intelligence and youth, and accelerating the second phase of negotiations on the South Korea-China Free Trade Agreement, thus advancing the South Korea-China strategic cooperative partnership to a higher level. Speaking on the situation on the Korean Peninsula, Wang stressed that China has always been committed to playing a constructive role in promoting peace and stability on the peninsula. 
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