Analysts seem divided on whether this is the start of a more flexible currency regime for China or an old-style devaluation. It appears to be a bit of both. China's economy has been struggling and a weaker currency would give it a boost, although most commentators say a steeper fall would be needed for a real impact.
The length of time depends on the severity of the offense. Most points (illegal turn, not making a complete stop, driving over the speed limit, etc.) and/or accidents will stay on your driver record for 39 months (3 years, 3 months). Points for more serious offenses, such as hit-and-run or a DUI, will stay on your record for 13 years.
The short answer is that the accident or ticket will stay on your record for three years, but the exact punishments you receive for your traffic violation depend on several factors, including: 1  Your insurance company. 2  How long you have been with your provider. 3  Where you live. 4  How old you are. 5  The severity of the accident or violation.