"The massive increase in daily token calls demonstrates that China"s AI development has entered a phase of rapid growth," said Liu Liehong, NDA head. "From conversational AI to decision-making intelligent agents, China"s AI industry competitiveness has significantly strengthened," the Xinhua News Agency reported.

　　The core factor driving the explosion of AI tokens is the overall expansion of inference demand. This also confirms the judgment of investors that AI inference will become one of the largest markets in the world, said Tian.

　　When the token becomes the "water, electricity and coal" of the AI era, a hidden and high-growth underlying business is emerging — the "AI token factory," Tian said, adding that China"s low-cost green power, mature computing infrastructure and large-scale application scenarios could help position the country as a major "token factory" in the global AI economy.