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 was the foremost Chinese Communist leader of the 20th century and theprincipal founder of the People's Republic of China.Mao was born December 26, 1893, into a peasant family in the village of Shaoshan, Hunanprovince.His father was a strict disciplinarian and Mao frequently rebelled against hisauthority.ao Zedong 3 Zunyi Conference, as the meeting became known, was a crucial turning point in Mao'sascendancy to CCP leadership.From his base in Yan'an, Mao led Communist resistance against the Japanese, who hadinvaded Manchuria in 1931 and China in 1937.