Chongqing is a major city along the upper reaches of the Yangtze River in southwest People's Republic of China, and one of the six national central cities. Covering a total area of 82,400 square kilometers and with population of 30 million, it is the largest directly administered municipality and comprises 19 districts, 15 countries, and 4 autonomous counties. It is an important industrial and commercial center and transport and logistics hub.
The government has requested a loan of $150 million from ADB to help finance a project promoting Integrated Logistics. The loan will follow the straight-line repayment method and have a 26-year term, including a grace period of 5 years.
The logistics sector in China, while stronger than many Asian countries, trails behind several developed Nations. On June 11 2014, the State Council approved a plan to develop the logistics industry.
