China's currency rose about 2 percent against the U.S. dollar on Friday, a day after the government cut the yuan's link to the dollar in a move that could make Chinese exports more expensive and foreign assets cheaper for China to buy. The surprise announcement Thursday came after years of lobbying by China's trading partners, which said the tightly controlled currency was undervalued and gave Chinese exporters an unfair price advantage. Larry Mantle talks with Jack Kyser of the Los Angeles Economic Development Corporation.