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.
1 Mao Zedong ruled China as a dictator. 2  He united all current areas of the country under the name The Peopleâs Republic of China. 3  During Maoâs rule, the Chinese Communist Party seized control of all media in the country and used it to promote Mao, his political strategy, and the party. Mao Zedong was born on December 26, 1893 in the small Chinese village of Shaoshan. 2  He worked on his familyâs farm for most of his childhood. 3  At sixteen, he left home to attend school in a nearby city. 4  Mao became one of the first members of the new Chinese Communist Party in 1921 as well as the Nationalist Party in 1923.