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.
Marshal Lin, for his role in keeping the army behind Mao and his constant and fulsome praise, was termed Comrade Mao Tse-tung's close comrade in arms and successor and his inheritance was engraved in the 1969 party constitution.e was certainly mindful of the cost of the revolution to his family and friends. In a talk in 1964 with Mao Yuan-hsin, the son of his executed brother, Mao recalled: Very many members of our family have given their lives, killed by the Kuomintang and the American imperialists.