Why are pandas so expensive?
Why are pandas so expensive? The reason is because China leases the each panda to zoos for $2 million (in panda cost and research). And then there are the habitats the zoos must build, plus the expensive diets they have - oh, and if there's a baby, that's another $600,000 per year.
Why China rents out its pandas?
Loaning pandas was seen as promoting mutual partnerships between China and the recipient countries. In turn, host countries would pay an annual fee of about $1m per bear, and there's an understanding that panda cubs born abroad would have to be returned to China before their fourth birthdays.
Is China taking all pandas back?
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.
Do zoos have to pay China for pandas?
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.
Why is China taking pandas back?
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.