DURING the first three months of this year, southwestern China's Chongqing city recorded a bonded logistics trade cargo value of US$1.49 billion, an upsurge of 313.9 per cent compared to the same period in 2011, Xinhua reports.

Imported cargo accounted for a major part of the above total, totalling $1.46 billion in value.

Since commencement of operation in August 2010, Chongqing Bonded Port Area has handled 330,000 TEU of containerised foreign trade cargo, valued at $12.13 billion, contributing CNY7.16 billion (US$1.13 billion) to the tariff.