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🏳️ is the emoji for the white flag. Traditionally, the white flag is usually used as a signal to indicate surrender, truce or request to stop hostilities. In a broader sense, it can also symbolize peace, neutrality or giving up resistance, etc.
When introducing topics related to peace: The world needs more understanding and tolerance, 🏳️
When describing a neutral stance in international affairs: The country has maintained a balanced state, 🏳️