In China, Apple's Cook says he's bullish on global economy

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In China, Apple's Cook says he's bullish on global economy
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Apple CEO Tim Cook says he's 'extremely bullish' about the global economy based on the amount of innovation being carried out, and he's urging China to continue to 'open up.'

Apple CEO Tim Cook said Saturday that he is "extremely bullish" about the global economy based on the amount of innovation underway, and urgedto continue to "open up" amid complaints from the U.S. and others that it is shutting foreign firms out of key high-tech industries.

"In the long term, I'm extremely bullish. I think the key to the economy, unlocking its potential has always been innovation, and when I travel around the world, I've never seen innovation at a more feverish pace than I do today, so I'm extremely optimistic," Cook told participants at the China Development Forum, a gathering of business leaders in Beijing.

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