Feature

Chinese ‘pandanomics’

Pandas are big business for China.

Pandas are big business for China, said Sophia Yan in CNN.com. The Chinese government “currently has about 50 of the supercute black-and-white furballs loaned out to zoos across the world”—almost all in exchange for major trade and investment deals with China. In 2011, Scotland entered into a multibillion-dollar deal with China, trading oil-drilling technology and salmon for a pair of pandas. In other countries, the demand for pandas has reached critical mass. In 2006, Australia agreed to supply China with uranium in exchange for a pair of pandas, while Canada and France have “both signed multibillion-dollar uranium export deals that coincided with panda loans.” And it’s not over yet. “There seems to be a backlog of countries clamoring for pandas,” said Oxford University researcher Kathleen Buckingham.

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