yes Pear ..I agree with you ..the devaluation is Positive for the China Economy + materials Demand .
initially the devaluation triggers an immediate adjustment to commodities prices ..costing more in Yuan/USD for the Chinese ...
then when the Dust settles ..China will have created a little Inflation ..Boosted Exports ..recovered some more Market Share of World Export trade ..and become even more Competitive in the Worlds Wholesale and Retail stage .
Tourism in China will benefit from Lower FX rates ...along with the better GDP numbers to come from increased Exports and some new Inflation in China ..( better than Deflation )
Iron Ore Price, page-1466
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