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The difference between financial capital preservation and physical capital preservation In the early 20th century, famous American economist elvin fisher developed the theory of economic gain. In its book "the nature of capital and yield", first, the concept of yield is analyzed in terms of the performance of earnings, and three different types of benefits are proposed: The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society. Diego mentioned that miolo is a good example of how Brazilian wines are developing in China. Miolo is one of the first Brazilian wineries to enter the Chinese market. At present, they have branches in Shanghai, guangzhou and sanya. For the Chinese market, have learned to say the word "cheers" m oro wine export department manager Jim Anderson, Rodney talked about some of his views, he thinks the Chinese in red wine consumption is just rise, the huge population base market contains huge potential. "The consumer view of wine is shaping up here," he said. Our clients in China are mainly divided into two categories: one is that they don't know much about red wine, and they usually choose the cheapest one. The other is to have a certain understanding of red wine, already will choose some high-quality red wine according to its taste. There is a large population, and the consumption of red wine is just emerging, with great potential. We regard China as one of the most important overseas markets.