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ISO, ITU, LAIA (observer), Mekong Group, MINURSO, NAM (observer), PCA, UN, UN Security Council, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNITAR, UNOMIL, UNTSO, UNU, UPU, WHO, WIPO, WMO, WToO, WTrO (applicant) Diplomatic representation in US: chief of mission: Ambassador LI Daoyu chancery: 2300 Connecticut Avenue NW, Washington, DC 20008 telephone: [1] (202) 328-2500 through 2502 consulate(s) general: Chicago, Houston, Los Angeles, New York, and San Francisco US diplomatic representation: chief of mission: Ambassador James R. SASSER embassy: Xiu Shui Bei Jie 3, 100600 Beijing mailing address: PSC 461, Box 50, FPO AP 96521-0002 telephone: [86] (10) 5323831 FAX: [86] (10) 5326422 consulate(s) general: Chengdu, Guangzhou, Shanghai, Shenyang Flag: red with a large yellow five-pointed star and four smaller yellow five-pointed stars (arranged in a vertical arc toward the middle of the flag) in the upper hoist-side corner Economy ------- Economic overview: Beginning in late 1978 the Chinese leadership has been trying to move the economy from a sluggish Soviet-style centrally planned economy to one that is more market-oriented, but still within a rigid political framework of Communist Party control. To this end the authorities switched to a system of household responsibility in agriculture in place of the old collectivization, increased the authority of local officials and plant managers in industry, permitted a wide variety of small-scale enterprise in services and light manufacturing, and opened the economy to increased foreign trade and investment. The result has been a strong surge in production. Agricultural output doubled in the 1980s, and industry also posted major gains, especially in coastal areas near Hong Kong and opposite Taiwan, where foreign investment and modern production methods helped spur output of both domestic and export goods. GDP has more than tripled since 1978. On the darker side, the leadership has often experienced in its hybrid system the worst results of socialism (bureaucracy, lassitude, corruption) and of capitalism (windfall gains and stepped-up inflation). Beijing thus has periodically backtracked, retightening central controls at intervals. In 1992-95 annual growth of GDP accelerated, particularly in the coastal areas - averaging more than 10% annually according to official figures. In late 1993 China's
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