[[{“value”:”A zoo in Finland has agreed with Chinese authorities to return two loaned giant pandas to China more than eight years ahead of schedule because they have become too expensive for the facility to maintain amid declining visitors. The private Ähtäri Zoo in central Finland some 330 kilometers (205 miles) north of Helsinki said Wednesday
The post Carrying costs > liquidity premium, and not only pandas have a fertility crisis appeared first on Marginal REVOLUTION.”}]]
A zoo in Finland has agreed with Chinese authorities to return two loaned giant pandas to China more than eight years ahead of schedule because they have become too expensive for the facility to maintain amid declining visitors.
The private Ähtäri Zoo in central Finland some 330 kilometers (205 miles) north of Helsinki said Wednesday on its Facebook page that the female panda Lumi, Finnish for “snow,” and the male panda Pyry, meaning “snowfall,” will return “prematurely” to China later this year.
The panda pair was China’s gift to mark the Nordic nation’s 100 years of independence in 2017, and they were supposed to be on loan until 2033.
But since then the zoo has experienced a number of challenges, including a decline in visitors due to the 2020 coronavirus pandemic and the conflict between Russia and Ukraine, as well as an increase in inflation and interest rates, the facility said in a statement.
Here is the full NPR story.
The post Carrying costs > liquidity premium, and not only pandas have a fertility crisis appeared first on Marginal REVOLUTION.
Current Affairs, Uncategorized
Leave a Reply