The People's Bank of China extended to devalue the national currency. Observers point out that the regulator had broken off for a pause after the first wave of the devaluation, but shortly thereafter the yuan continued to fall against the US dollar. The renminbi dropped to the level of 6.4043 per the greenback and renewed a 4-year low. Contrary to an unexpected diminution of the yuan’s value, its following decline was predicted by many economists. At the moment of lull, sophisticated market participants realized that it was a pre-scheduled break undertook by the central bank in order to confuse speculators. At the same time, the regulator once again announced its plans to lower the key rate and to review requirements for bank's reserves. Primarily, these measures are aimed at stabilizing the economy and the country's stock market. Importantly, these steps have made necessary impact in some ways. The major Chinese indices started to grow, however, the rise was very modest, and it came in at 1 percent only. In a series of bad news, some positive information has appeared. In the Chinese stock market the deleveraging is continuing to take place. The amount of margin positions fell to the lowest level since last March, and it has already decreased by 1 trillion yuan compared to the June reading. Only on the Shanghai Stock Exchange, margin positions decline amounted to 50 percent in contrast to the figure logged in June. In addition, China has sold a whopping $106 billion of the US treasury bonds during the last 2 weeks.