Hard to tell from these photos, but my first reaction is that this looks like a real 1989 BU panda. Although the edges look kind of rough in one of the pictures. You might be able to remove the reddish hazing by sending it to NCS. In general 1989s aren't popular for fakes since they are one of the least popular pandas (undeservedly so imho).
If you can get a better macro shot that would help. But it looks fine to me. But you can also run it by the ChinaCoinForum. They are very active in looking into these things. But yeah, I haven't come across a fake 1989 before; it hasn't been worth their time to fake this series yet.