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Huge panic initially with American's Chinese import? (5,5)

Ross

I believe the answer is:

giant panda

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'huge panic initially with american's chinese import?' is the definition.
I know that 'huge' relates to this answer.

'huge panic initially with american's' is the wordplay.
'huge' becomes 'giant' (I've seen this before).
'initially' indicates taking the first letters.
'with' becomes 'and'.
'american' becomes 'a' (common abbreviation - e.g. in organisation names).
The initial letter of 'panic' is 'p'.
'giant'+'p'+'and'+'a'='GIANT PANDA'

Can you help me to learn more?

(Other definitions for giant panda that I've seen before include "furry animal" , "endangered species" , "temperamental Chinese import" , "Large black and white mammal" , "Creature" .)

I've seen this clue in The Telegraph.
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