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US to boycott Beijing olympics. It's official. [update : Oz to boycott as well, Canada, Kiwis & UK too]

nightsafari

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White House announces US diplomatic boycott of 2022 Winter Olympics in Beijing​

CNN Digital Expansion DC Allie Malloy
Kate Sullivan byline
By Allie Malloy and Kate Sullivan, CNN

Updated 1927 GMT (0327 HKT) December 6, 2021


(CNN)The Biden administration will not send an official US delegation to the 2022 Winter Olympics in Beijing as a statement against China's "ongoing genocide and crimes against humanity in Xinjiang," White House press secretary Jen Psaki said Monday.
US athletes will still be allowed to compete in the Olympics, but the administration will not be sending government officials to the games. The same policy applies for the Paralympic Games, which are also taking place in Beijing.
The White House is looking to send a "clear message" that the human rights abuses in China mean there cannot be "business as usual," Psaki told reporters at a White House briefing.
The move marks an escalation of pressure by the US on China over allegations of forced labor and human rights abuses in China's western region of Xinjiang, particularly against the Uyghur population and other ethnic and religious minority groups.
President Joe Biden told reporters last month he was weighing a diplomatic boycott as Democratic and Republican lawmakers, including House Speaker Nancy Pelosi, advocated for one in protest of China's human rights abuses.
The athletes that will make up Team USA have the administration's "full support," Psaki said, but she added the administration would not be "contributing to the fanfare of the games."
"US diplomatic or official representation would treat these games as business as usual in the face of the PRC's egregious human rights abuses and atrocities in Xinjiang, and we simply can't do that," Psaki said.
Psaki said that the diplomatic boycott of the games does not mean "that is the end of the concerns we will raise about human rights abuses."
The White House has informed its allies abroad of the US decision, Psaki said.
Psaki also said the White House did not feel it was the "right step" or fair, to penalize US athletes who have been training for years by holding an entire US boycott of the Olympics. The last time the US fully boycotted the Olympics was in 1980 when former President Jimmy Carter was in office.
The US typically sends a delegation to the Olympics -- first lady Jill Biden lead the US's diplomatic delegation to the Tokyo 2020 Olympics, which took place over the summer after being postponed because of the Covid-19 pandemic.
Next year's Winter Olympics was not a topic of conversation during the three-and-a-half hour summit that Biden and Chinese President Xi Jinping held last month. The summit didn't yield any major breakthroughs, and none were expected ahead of time.
Throughout the November summit, Biden and Xi engaged in a "healthy debate," according to a senior Biden administration official present for the discussions. Biden raised concerns about human rights, Chinese aggression toward Taiwan and trade issues.
Earlier this year, the Biden administration announced it was blocking the import of certain materials that are used in solar panels from a company in Xinjiang over allegations of forced labor. The administration also moved to restrict exports of five Chinese companies over alleged human rights abuses against Xinjiang's Uyghur population and other ethnic and religious minorities. The Xinjiang region is a major production hub for many companies that supply the world with parts needed to build solar panels.
 

laksaboy

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Other countries will follow.

Sinkieland no need lah, just a bunch of amateur weekend ice skaters and ang moh teens from international schools sometimes playing ice hockey for fun.
 

laksaboy

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Shouldn't have allowed it to host in the first place, but the IOC has been bribed and infiltrated, just like many other international organizations.

EPlSjuQUUAEpvHu.jpg
 

syed putra

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Shouldn't have allowed it to host in the first place, but the IOC has been bribed and infiltrated, just like many other international organizations.

EPlSjuQUUAEpvHu.jpg
But i like the opening ceremony if performed by china or north Korea. 9ne mistake. Execution. So. They perform faultlessly.
 

Rogue Trader

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As usual, the frog in the well sinkies don't even know what's happening.

It's Biden's "diplomatic boycott". They are still competing. Only fans not going.. but can watch on TV.

Clever excuse of avoiding covid for all countries
 

laksaboy

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Asset
As usual, the frog in the well sinkies don't even know what's happening.

It's Biden's "diplomatic boycott". They are still competing. Only fans not going.. but can watch on TV.

Clever excuse of avoiding covid for all countries

Of course it's a diplomatic boycott. Total boycott would be unfair for the athletes.

But the Chicoms love face a lot, and that's a slap in their face. :cool:

Now let's wait for the next move: Tiong companies all getting delisted from US stock markets.

 

syed putra

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Of course it's a diplomatic boycott. Total boycott would be unfair for the athletes.

But the Chicoms love face a lot, and that's a slap in their face. :cool:

Now let's wait for the next move: Tiong companies all getting delisted from US stock markets.
Looks like Biden hates China even more than trump!
 

nightsafari

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You mean like this? :

Didi is delisting from New York just months after its disastrous IPO​


Hong Kong (CNN Business)Didi said Friday that it would "immediately" start the process of delisting from the New York Stock Exchange and pivot to Hong Kong, just months after its disastrous IPO.
"After a careful study, the company will start delisting on the New York Stock Exchange immediately, and start preparations for listing in Hong Kong," the Chinese ride-hailing firm wrote Friday on its verified account on Weibo, a popular Twitter-like platform in the country.
In a separate, English-language statement, the company said that its board of directors has authorized the company to file for delisting in New York.
The board will "organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures."
The door is closing on Chinese tech IPOs on Wall Street

The door is closing on Chinese tech IPOs on Wall Street
The announcement comes just five months after Didi launched its blockbuster, $4.4 billion IPO in the United States — a decision that turned into a fiasco for the company. Its share price collapsed as Beijing cracked down on the firm, saying shortly after the offering that it would ban Didi from app stores in China because it broke privacy laws and posed cybersecurity risks.
The company's stock is now worth about half of its $14 per share IPO price, a loss of nearly $30 billion in market capitalization.
Beijing's decision to target Didi was widely seen as punishment for its decision to go public overseas, and the company became a poster child of China's efforts to rein in what the government sees as unruly Big Tech firms. In the weeks after the IPO, Chinese authorities proposed that companies with data on more than one million users seek approval before listing overseas.
There have also been recent signs that Didi would leave New York. Last week, Bloomberg reported, citing anonymous sources, that the Cyberspace Administration of China asked Didi's top executives to work out a plan to do just that.

News of Didi's decision to delist sent shockwaves through Chinese social media. By midday Friday, it was one of the top trending topics on Weibo, with posts about the company attracting more than 120 million views.
One lengthy post written by a Weibo user called the delisting a "severe punishment" for Didi, the result of the "iron fist of socialism." The post — among the most popular on the topic — attacked Didi's international investors, including Softbank (SFTBF) founder and CEO Masayoshi Son, whose Vision Fund is a major shareholder.
The person wrote that they were "sad" about the "misfortune" faced by Didi's executives, but angry about their relationship to overseas investors.
"They could stand up straight, but they were prone to crawl under the feet of foreign capital," the person wrote.
Shares in Softbank dropped 0.7% in Tokyo on Friday. The stock had plunged 5% late last week after Bloomberg reported on Didi's potential delisting.
China's Xi Jinping gets his pet stock exchange in Beijing

China's Xi Jinping gets his pet stock exchange in Beijing
The pressure on Chinese firms that trade in the United States isn't just from Beijing. Washington has also tightened the screws on companies from the world's second largest economy. On Thursday, the US Securities and Exchange Commission finalized rules that would allow it to delist foreign firms that refuse to open their books to US regulators. China has for years rejected US audits of its firms, citing national security concerns.
The new rules could have widespread consequences for many Chinese companies that trade in the United States, including Alibaba (BABA), JD.com (JD) and Baidu (BIDU). All three of those companies already trade in Hong Kong, too.
Chinese tech firms were shaken by Friday's news from Didi. E-commerce firm JD.com plunged more than 5%, while Alibaba lost 3%. Baidu was also down 3%. Gaming and online music company NetEase, which also trades in New York, slid 5.4%.
"This is just another black eye for Chinese tech stocks, which continue to face many regulatory challenges both domestically and globally," said Daniel Ives, managing director and senior equity analyst at Wedbush Securities. "The Street remains very various of Chinese tech stocks, and this Didi situation is another cautionary tale."
 

laksaboy

Alfrescian (Inf)
Asset
You mean like this? :

Didi is delisting from New York just months after its disastrous IPO​


Hong Kong (CNN Business)Didi said Friday that it would "immediately" start the process of delisting from the New York Stock Exchange and pivot to Hong Kong, just months after its disastrous IPO.
"After a careful study, the company will start delisting on the New York Stock Exchange immediately, and start preparations for listing in Hong Kong," the Chinese ride-hailing firm wrote Friday on its verified account on Weibo, a popular Twitter-like platform in the country.
In a separate, English-language statement, the company said that its board of directors has authorized the company to file for delisting in New York.
The board will "organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures."
The door is closing on Chinese tech IPOs on Wall Street
The door is closing on Chinese tech IPOs on Wall Street
The announcement comes just five months after Didi launched its blockbuster, $4.4 billion IPO in the United States — a decision that turned into a fiasco for the company. Its share price collapsed as Beijing cracked down on the firm, saying shortly after the offering that it would ban Didi from app stores in China because it broke privacy laws and posed cybersecurity risks.
The company's stock is now worth about half of its $14 per share IPO price, a loss of nearly $30 billion in market capitalization.
Beijing's decision to target Didi was widely seen as punishment for its decision to go public overseas, and the company became a poster child of China's efforts to rein in what the government sees as unruly Big Tech firms. In the weeks after the IPO, Chinese authorities proposed that companies with data on more than one million users seek approval before listing overseas.
There have also been recent signs that Didi would leave New York. Last week, Bloomberg reported, citing anonymous sources, that the Cyberspace Administration of China asked Didi's top executives to work out a plan to do just that.

News of Didi's decision to delist sent shockwaves through Chinese social media. By midday Friday, it was one of the top trending topics on Weibo, with posts about the company attracting more than 120 million views.
One lengthy post written by a Weibo user called the delisting a "severe punishment" for Didi, the result of the "iron fist of socialism." The post — among the most popular on the topic — attacked Didi's international investors, including Softbank (SFTBF) founder and CEO Masayoshi Son, whose Vision Fund is a major shareholder.
The person wrote that they were "sad" about the "misfortune" faced by Didi's executives, but angry about their relationship to overseas investors.
"They could stand up straight, but they were prone to crawl under the feet of foreign capital," the person wrote.
Shares in Softbank dropped 0.7% in Tokyo on Friday. The stock had plunged 5% late last week after Bloomberg reported on Didi's potential delisting.
China's Xi Jinping gets his pet stock exchange in Beijing
China's Xi Jinping gets his pet stock exchange in Beijing
The pressure on Chinese firms that trade in the United States isn't just from Beijing. Washington has also tightened the screws on companies from the world's second largest economy. On Thursday, the US Securities and Exchange Commission finalized rules that would allow it to delist foreign firms that refuse to open their books to US regulators. China has for years rejected US audits of its firms, citing national security concerns.
The new rules could have widespread consequences for many Chinese companies that trade in the United States, including Alibaba (BABA), JD.com (JD) and Baidu (BIDU). All three of those companies already trade in Hong Kong, too.
Chinese tech firms were shaken by Friday's news from Didi. E-commerce firm JD.com plunged more than 5%, while Alibaba lost 3%. Baidu was also down 3%. Gaming and online music company NetEase, which also trades in New York, slid 5.4%.
"This is just another black eye for Chinese tech stocks, which continue to face many regulatory challenges both domestically and globally," said Daniel Ives, managing director and senior equity analyst at Wedbush Securities. "The Street remains very various of Chinese tech stocks, and this Didi situation is another cautionary tale."

That's just one. There will be many more.
 

Boliao

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Loyal

White House announces US diplomatic boycott of 2022 Winter Olympics in Beijing​


US became a laughing stock when the jumped the gun on this one. They are sending their athletes to participate in the Olympics but said they will not send a diplomatic mission BUT CHINA HAS YET TO SEND THEM AN INVITATION for diplomatic meet.

So for sure, China will not send them any invitation now and US will just be the clown that self declared they are not going to a meeting for which they are not invited.
 

blackmondy

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Asset
US became a laughing stock when the jumped the gun on this one. They are sending their athletes to participate in the Olympics but said they will not send a diplomatic mission BUT CHINA HAS YET TO SEND THEM AN INVITATION for diplomatic meet.

So for sure, China will not send them any invitation now and US will just be the clown that self declared they are not going to a meeting for which they are not invited.
五毛狗在自慰吗?
 
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