For a long time, the wine produced by this figure was mainly sold in the domestic market. But in recent years, the downturn in Brazil's domestic market has led to a shift in the direction of hong winemakers abroad. China, a big consumer of red wine, is a natural focus. Although Brazilian wines have a short time to enter China, the country's total exports to China reached nearly 200,000 bottles last year alone. China has become the second biggest export destination for Brazilian wines. Diego beto, he said, "we expect the amount of wine exports to China this year will be around 34% year-on-year growth, you can see in the Chinese market at least six wines from our brand. Miolo, for example, has opened seven stores in China. Our development in China is the fastest, and not only is the market open, but the consumption view of wine is rapidly emerging." Cretelli denied that foreclosures are imminent but he admitted that many of the units were being returned for the lenders via 'negotiated resolutions and settlements'. Speaking to The Des Moines Register he explained, 'It's a continuous type process, but I think the reality is that we have started to resolution voluntarily with everybody, and, it's going to be better for all parties concerned, 's what it amounts to'. "People say 'oh, those experts', but we're seeing what we call potential risks being rolled out. This is not what the experts say, this is what the economy is showing. "