China can follow the international pressure and lift its undervalued currency , according to Zhou Xiaochuan, governor of the People’s Bank of China.

“If there is more pressure from outside, it may force us to speed up our reform. I always think that pressure is not a bad thing. It is often a driving force that pushes you to do your work better,” said Zhou Xiaochuan.

Currency policy changes may also be caused by the fierce criticizm China faced from the US recently after the accusations that pegged currency hurts the US economy.

The US turned to be among the countries that faced damages to their economies as China was keeping its yuan stable. The other G7 countries also urged China to unpeg yuan as soon as possible.

“We are doing some preparation, for example the reform of the financial sector, to enlarge the role of the foreign-exchange market,” said Mr. Zhou about the yuan that has been kept at Rmb8.3 to the dollar for over a decade.