Panda diplomacy, in its current form, works like this: China loans pandas to a zoo in the United States or another country, and the zoo pays an annual fee — usually $500,000 to $1 million each — to keep the pandas for at least a few years.
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American zoos do not actually own the pandas that we enjoy going to visit. China rents pandas out to the tune of $1 million a year. Zoos typically sign a 10-year contract, which means that at the end of that contract, a zoo will have spent $10 million renting one panda. And any cubs that are born while at the zoo?
We have read the enlightening NY Times article about how pandas in U.S. zoos are like money pits, though adorable ones. The reason is because China leases the each panda to zoos for $2 million (in panda cost and research).
With diplomatic tensions running high between Beijing and a number of Western governments, China appears to be gradually pulling back its pandas from multiple Western zoos as their agreements expire.
The Chinese government, which gifted the first pair of pandas - Hsing Hsing and Ling Ling - to the U.S., now leases the pandas out for a typical 10-year renewable term. The annual fee ranges from $1 million to $2 million per pair, plus mandatory costs to build and maintain facilities to house the animals.
Any cub born to the pandas belongs to the Chinese government but can be leased for an additional fee until it reaches mating age. Over the 50 years of American panda loan agreements, the arrangement has hit more than one rough patch.
The potential end of the National Zoo's panda era comes amid what veteran China-watchers say is a larger trend. With diplomatic tensions running high between Beijing and a number of Western governments, China appears to be gradually pulling back its pandas from multiple Western zoos as their agreements expire.
Panda diplomacy is the practice of sending giant pandas from China to other countries as a tool of diplomacy. From 1941 to 1984, China gave a gift of pandas to other countries. After a change in policy in 1984, pandas were leased instead of given as a gift.
Before the 1980s China gifted pandas, but today they are offered strictly on a loan basis. They are usually leased to the host country for roughly $1 million a year, plus the cost of building a panda facility. The leasing fees are said to cover the costs of giant panda “conservation” efforts in China.
Although pandas are rarely housed outside of China, you can still see them in person within the United States. These mystical bears currently live at only three select zoos, making each sighting a truly special experience.