According to ChainCatcher, citing the Shanghai Securities News, Liu Liehong, Director of the National Data Bureau, stated at the 2026 China Development Forum that China’s daily average Token usage has surpassed 140 trillion, more than a thousandfold increase from 100 billion at the beginning of 2024. Liu noted that Tokens are the smallest units of information processed by large models, characterized by measurability, pricing, and tradability. A new value system centered on Token invocation, distribution, and settlement is rapidly emerging, becoming a key pathway for monetizing the artificial intelligence industry. He also added that as China’s market-oriented reform of data elements advances deeper, a virtuous cycle of “data supply—value realization” is beginning to take shape.
China's daily token usage exceeds 140 trillion, up more than 1,000-fold in two years.
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Summary
China’s daily market report shows token usage has surpassed 140 trillion, a 1,000-fold increase from 100 billion in early 2024, according to National Data Bureau Director Liu Lianghong. Tokens are now a key component of AI monetization, with measurable and tradable value. Liu noted a growing “data supply—value release” cycle as reforms advance. The market’s Fear & Greed Index reflects rising confidence in token-driven economic models.
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