CCP general secretary and PRC President Jiang Zemin and PRC Premier Zhu Rongji, both former mayors of Shanghai, led post-Tiananmen PRC in the 1990s. Under Jiang and Zhu's ten years of administration, the PRC's economic performance pulled an estimated 150 million peasants out of poverty and sustained an average annual gross domestic product growth rate of 11.2%. The country formally joined the World Trade Organization in 2001. By 1997 and 1999, former European colonies of British Hong Kong and Portuguese Macau became the Hong Kong and Macau special administrative regions of the People's Republic of China respectively.