China–Montenegro relations
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China–Montenegro relations are foreign relations between the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
and
Montenegro ) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = M ...
.
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
has officially recognized
Montenegro ) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = M ...
on June 14, 2006. Diplomatic relations between the two countries were established on July 7, 2006. China transformed its consulate into an embassy in
Podgorica Podgorica (Cyrillic: Подгорица, ; lit. 'under the hill') is the capital and largest city of Montenegro. The city was formerly known as Titograd (Cyrillic: Титоград, ) between 1946 and 1992—in the period that Montenegro form ...
on July 7, 2006. The Montenegrin embassy in China opened in
Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
on November 13, 2007.http://www.mvpei.gov.me/rubrike/bilateralni-odnosi/bilateralni-odnosi/kina Ministry of Foreign Relations of Montenegro (in Montenegrin only)


Economic relations

In 2012, total trade between the two countries amounted 134,406,987 euros, of which imports from Montenegro were 130,605,327 euros, and exports to China were 3,801,660 euros. Direct investment from China to Montenegro amounted to 440,000 euros. China has several projects of investments in the field of construction of highways, power plants and other infrastructures.http://www.fmprc.gov.cn/mfa_eng/wjb_663304/zzjg_663340/xos_664404/gjlb_664408/Montenegro_664680/ Ministry of Foreign Affairs of China In 2018, it was reported that a Chinese loan for the first phase of a highway designed to link the
Port of Bar The Port of Bar ( Montenegrin: ''Luka Bar'', ''Лука Бар'', MNSELUBA is Montenegro's main sea port. It is located in Bar. History The Port of Bar was used as a sea port for Shkodër before it was conquered by the Turks in 1571. Right after ...
on Montenegro's Adriatic coast to landlocked neighbor
Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungar ...
sent Montenegro's debt soaring and forced the government to raise taxes, partially freeze public sector wages and end a benefit for mothers. Despite those measures, Montenegro's debt was expected to approach 80 percent of
gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...
(GDP) in 2018 and the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
said the country could not afford to take on any more debt. As of 2021, China holds a quarter of Montenegro's debt. In 2021, it was reported that the first 41 km section of the Bar-Boljare motorway cost €20m per km, making it one of the most expensive highways per km in the world. If Montenegro were to default, the terms of the contract give China the right to access Montenegrin land as collateral.


See also

*
Foreign relations of China China, officially the People's Republic of China (PRC), has full diplomatic relations with 178 out of the other 193 United Nations member states, Cook Islands, Niue and the State of Palestine. Since 2019, China has had the most diplomatic miss ...
* Foreign relations of Montenegro * China–Yugoslavia relations


References


External links


China Ministry of Foreign Affairs about relations with Montenegro
* {{DEFAULTSORT:China-Montenegro relations
Montenegro ) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = M ...
Bilateral relations of Montenegro