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Jaywalking in China May Hurt Personal Credit Scores, Xinhua Says

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Dec. 3 (Bloomberg) -- Pedestrians caught jaywalking in China may find their credit scores affected, the official Xinhua News Agency reported, citing a Ministry of Public Security official.

The current maximum fine of 50 yuan ($8) or a warning isn’t enough of a deterrent and the traffic bureau is looking into punishment that could affect personal credit scores, the official, who wasn’t identified, told Xinhua yesterday.

China, the world’s largest market for new vehicle sales, held its first ever national traffic safety day on Sunday. There were more than 210,000 traffic accidents last year, resulting in more than 60,000 deaths and 230,000 injuries, according to a Xinhua report posted on the public security ministry’s website.

China had 238 million vehicles and 256 million drivers as of October, Xinhua said.

To contact Bloomberg News staff for this story: Alexandra Ho in Shanghai at aho113@bloomberg.net

To contact the editor responsible for this story: Chua Kong Ho at kchua6@bloomberg.net

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