The reason why Fuwa was canceled was due to trademark reasons. The exclusive period of the special symbol "Fuwa" expired in April 2010. After the expiration, the Olympic Organizing Committee did not apply for an extension, so "Fuwa" is no longer protected as a special symbol.
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Because mascots do not appear in the charter of the Olympic Games. They are the product of the commercial operation of the Olympic Games. The opening ceremony of the Olympic Games is for public welfare and cannot appear. Commercial stuff