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, 1957 Â© Mao was a Chinese communist leader and founder of the People's Republic of China. He was responsible for the disastrous policies of the 'Great Leap Forward' and the 'Cultural Revolution'.Mao was born on 26 December 1893 into a peasant family in Shaoshan, in Hunan province, central China.After training as a teacher, he travelled to Beijing where he worked in the University Library.e was responsible for the disastrous policies of the 'Great Leap Forward' and the 'Cultural Revolution'. Mao was born on 26 December 1893 into a peasant family in Shaoshan, in Hunan province, central China.