DeepTide TechFlow News, March 23rd — According to Shanghai Securities News, Liu Liehong, director of the National Data Administration, stated on March 23rd at the China Development Forum 2026 Annual Conference that China's average daily Token call volume has exceeded 1.4 quadrillion in March this year, representing a 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 models to process information, characterized by measurability, pricability, and tradeability. Around Token invocation, distribution, and settlement, a new value system is rapidly forming, becoming an important pathway for monetizing the artificial intelligence industry. He also stated that as China's data elements market-oriented allocation reform advances deeply, a virtuous cycle of "data supply—value release" is beginning to emerge.