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.
After Mao Zedong won the Chinese civil war in 1949, his goal became the unification of the five nationalities under the big family, the People's Republic of China, and under a single political system, the Communist Party of China.n late autumn 1958, Mao Zedong strongly condemned widespread practices of the Great Leap Forward (GLF) such as subjecting peasants to exhausting labour without adequate food and rest, which had resulted in epidemics, starvation and deaths.