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And while growth in revenue is largely led by Japan and the US, China is proving to be fertile ground for growth in downloads, with companies like Tencent (which controls the charts for the country with no less than 5 of the top 10 social networking apps in China) becoming large new entrants in the market.
FORBES: Social apps rise on mobile
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People now have more money to spend, and some of them go to the new Shangri-La-run hotel at the top of the China World Tower, Beijing's tallest building.
BBC: China to address economic imbalance
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Hutheesing says new subscriber rates in China are growing at 20% per year, and that the top 10% of the Chinese market replaces cell phones every six months to a year.
FORBES: Magazine Article
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The fast-growing market opportunity in China and India also gives women a chance to get into top tier venture firms that are new to the market rather than on Sand Hill Road, where positions are already taken by partners who started the firms years ago, and their successors.
FORBES: Women VCs Rule More Often At China Venture Firms Than In Silicon Valley
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The issue is the degree to which China has moved higher education to the top of its priorities, and the fact that 500, 000 new engineers a year will probably come up with more high-tech innovations than 150, 000 can.
FORBES: China Is Winning The Economic War
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This year, global wind energy production is set to top 300, 000 MW, sparked by new major projects in Europe, the US and China.
ENGADGET: Inhabitat's Week in Green: stair-climbing vacuum cleaner, carbon dioxide diapers and a real 3D-printed face