You know it's kind of interesting because last month, my boss was showing me a picture he took with this lady (I live in Beijing). People around here are more 'Oh, she looks like Mao' than 'Oh noes she's mocking Mao! Must. kill. her.' The government is not that bloodthirsty. Unless a crazy person does something stupid like throw a Molotov cocktail at Mao's portrait in Tianmen. Which also happened last month.

Like the person said above, the first two characters which appear in the front and on the back mean literally 'pig year'. The rest of the back goes 'ping pong big competition'.