No.

The President of China is Hu Jintao Hu and the official residence is Zhongnanhai

Zhongnanhai in Beijing

Huirong Zhao has written:

'Zhongnanhai chen ying' -- subject(s): History, Palaces, Zhongnan hai (Beijing, China)

Mao grew up in Shaoshan, Hunan Province. He attended school in Changsha, and later lived in Beijing and Shanghai. After the founding of the communist party, he was frequently "on the move" throughout the country, until 1949. From then until his death, he made his home at the Zhongnanhai Compound in Beijing.