I am guessing that this picture is fake but you never know. This may be a trained Panda Bear that is part of some type of act or something. :) on the same site two years later:
China Airlines is a proud corporate sponsor of the panda sanctuary at Cheng Du and was happy to help out recently with the transfer of a young panda cub to a zoo in the United States of America. After extensive consultation with the sanctuary’s veterinary staff it was concluded that the importance of the panda cub precluded it from traveling in the hold of the aircraft, where attending to its needs would be difficult.
For one thing, the giant panda is an endangered species, and the whereabouts of the approximately 420 giant pandas in captivity is fairly closely monitored. We've found no record of the birth, death, or existence of a panda named Squee Squee in China, the United States, or anywhere else.