The Olympic Team That Shall Not Be Named: The Politics and History Behind Chinese Taipei'
Briefly

The red-and-blue flag of Taiwan is banned for both athletes and fans at the Olympics. Taiwanese athletes compete under the Team Chinese Taipei flag, and their national anthem is not allowed to play.
No other participating team at the Olympics faces such restrictions like Taiwan. Winning under these circumstances holds special significance for Taiwanese athletes, garnering national pride and visibility.
Read at time.com
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