Director of the National Data Bureau: China's daily Token call volume has increased more than a thousand times in two years, surpassing 140 trillion

According to the Shanghai Securities Journal, Liu Liehong, the head of the National Data Bureau, stated at the China Development Forum 2026 annual meeting that this year, China's daily average Token call volume has surpassed 140 trillion, growing more than a thousand times compared to 100 billion at the beginning of 2024.

Liu Liehong pointed out that Tokens are the smallest units for large models to process information, characterized by measurability, priceability, and tradability. A new value system is rapidly forming around the calling, distribution, and settlement of Tokens, becoming an important path for monetizing the artificial intelligence industry. He also mentioned that as the reform of the market-oriented allocation of data elements in China deepens, a virtuous cycle of "data supply - value release" is beginning to take shape.