Montana Democratic Senator Max Baucus will be nominated to be the U.S. Ambassador to the People's Republic of China.

President Obama will be making the nomination official.

Baucus announced his plans to retire from his longtime Senator position earlier this year. Political experts are now wondering if he will fill out his term, which ends next year.

Baucus released this statement Friday:

'I am humbled by the nomination and deeply honored to have the opportunity to represent the United States in China. The U.S.-China relationship is one of the world's most important bilateral relationships. If confirmed, my goal will be to further strengthen diplomatic and economic ties between our two nations..."

Baucus went on to say he would be honored to follow in the late Mike Mansfield's steps. After serving from 1953 to 1977 as Montana Senator, Mansfield also became the Ambassador to China, a post he held from 1977 to 1988.