Deep Tide TechFlow News: On March 23, according to the Shanghai Securities News, Liu Liehong, director of the National Data Bureau, stated at the China Development Forum 2026 Annual Meeting on March 23 that China's average daily Token invocations have exceeded 1.4 quadrillion in March this year, representing growth of over 1,000 times compared to 100 billion at the beginning of 2024.



Liu Liehong pointed out that Token is the smallest unit for large language models to process information, with characteristics of measurability, pricability, and tradeability. Around Token invocation, distribution, and settlement, a new value system is rapidly forming, becoming an important path for monetization in the artificial intelligence industry. He also stated that with the continuous deepening of China's data element market-based allocation reform, a virtuous cycle of "data supply—value release" is beginning to take shape.
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