Hedging is the practice of taking a position in one market to offset and balance against the risk adopted by assuming a position in a contrary or opposing market or investment. The word hedge is from Old English hecg, originally any fence, living or artificial.
BEIJING -- Every morning, as many as 20,000 people flock to Tiananmen Square to join the vast queues of pilgrims, often stretching a kilometre long, at the entrance to the tomb of Mao Zedong. They stand for an hour or more, in blazing sun or winter cold, waiting patiently to pay their respects to the Great Helmsman. They place flowers at the foot of a Mao statue. They gaze reverentially at the chairman's crystal coffin, often bowing to the waxy corpse inside.
Mao Zedong or Mao Tse-tung (/ËmaÊ dzÉËdÊÅ, zÉ-, -dÉÅ/ ( listen); December 26, 1893 â September 9, 1976), also known as Chairman Mao, was a Chinese communist revolutionary, poet, political theorist and founding father of the People's Republic of China, which he governed as the Chairman of the Communist Party of China from its establishment in 1949, ...