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. Mao Zedong (1893-1976) was one of the historic figures of the twentieth century. A founder of the CCP (Chinese Communist Party), he played a major role in the establishment of the Red Army and the development of a defensible base area in Jiangxi province during the late 1920s and early 1930s.eng Xiaoping reemerged as China's paramount leader shortly after the death of Mao Zedong in 1976. Deng Xiaoping's goal in 1976 was to set China back on the course of economic development that had been badly interrupted during the final years of Mao's leadership.