China's token demand is experiencing explosive growth, with consumption projected to reach 100 quadrillion by 2026.

TechFlow reported on Sept 12 that according to the "Research Report on the Development of AI Infrastructure in the Agent Era (2026)" released by the China Telecom Research Institute, as the focus of the artificial intelligence industry shifts from competition in large models and computing power to the large-scale deployment and monetization of agents, demand for tokens in China is experiencing explosive growth. The report shows that AI is currently entering a new development stage primarily characterized by agents, making complex AI technology invisible and universally accessible. The general public and enterprises do not need to master specialized technical skills; with the aid of agents, they can complete complex end-to-end tasks. Rao Shaoyang, Director of the Industry and Enterprise Strategy Institute at the China Telecom Research Institute, stated: It is expected that China's annual token consumption will reach 100 quadrillion in 2026 and exceed 35 quintillion by 2030, with a compound annual growth rate approaching 12 times. (Jin10)