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Commodity market refers to a fixed location, facilities, there are several operators admission management, tax respectively, the market management is responsible for the management, property management, centralized, publicly traded for tangible commodity trading places. This concept has three meanings: first, commodity market is a commodity trading place composed of transaction subject, transaction object, transaction carrier and other elements. Second, the commodity market is the place to provide services, which is a trading venue for producers and consumers to provide a certain quality of service. Third, the commodity market is the place to provide sensory experience. Therefore, commodity market is the product of commodity economy development to a certain stage. After the black Friday rush, consumer spending is being squeezed. 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. At present, about the nature of the enterprise. Western economists have different views. There is also some debate. Some western economists analyze the nature of the enterprise mainly from the perspective of transaction costs that coase emphasizes. In 2017, we have seen: