Yes, it is a baby giant panda.
The government of China presented two giant pandas to the queen of
Thailand in 2004 as "friendship ambassadors." The Thais plotted many
romantic evenings for the pandas and finally in 2009 they had a baby!
The whole town is panda obsesed-- they have a cable channel that is
all panda all the time. They are extremely cute. We saw the pandas
in the morning when they were eating and playing.