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.
The civil war continued after war with Japan had ended, and in 1949, after the Communists had taken almost all of mainland China, Mao became chairman of the central government council of the newly established People's Republic of China; he was reelected to the post, the most powerful in China, in 1954.ao Zedong or Mao Tse-tung (mou dzÅ­-dÅÅng) , 1893â1976, founder of the People's Republic of China. Mao was one of the most prominent Communist theoreticians and his ideas on revolutionary struggle and guerrilla warfare have been extremely influential, especially among Third World revolutionaries.