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.
âIn his address, Hu recalled Maoâs achievements, and summarized the outstanding contributions made to the revolution and the development of China by the Chinese communists with Mao as their top representative, who have developed Mao Zedong Thought, namely, Marxism with Chinese characteristics.tâs the most wonderful day of the yearâ¦if youâre a fan of British holidays with obscure and poorly understood origins or an unreconstructed Chinese Leftist. December 26 is the birthday of Mao Zedong, the portly gentleman from Hunan who, for 70% better and 30% ill, led China from 1949 until his death in 1976.