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Chongqing, China will subsidize purchases of vehicles made in the city as the first local government to offer such incentives since Premier Wen Jiabao said last month the economy faces increasing downward pressure.

 

Consumers would get as much as 3,000 yuan ($471) toward a vehicle, limited to those with engines displacing less than 1.6 liters, the Chongqing Daily reported on the government website on June 2. Chongqing, with an area the size of the U.S. state of South Carolina, is one of China’s fastest-growing regions.