On September 12, according to CCTV, the China Telecom Research Institute released the "Research Report on AI Infrastructure Development in the Era of Intelligent Agents (2026)". The report indicates that as the focus of the artificial intelligence industry shifts from competition in large models and computing power to the large-scale implementation and monetization of intelligent agents, the demand for tokens in China has shown explosive growth. Rao Shaoyang, director of the Institute of Industry and Enterprise Strategy at the China Telecom Research Institute, stated that the annual consumption of tokens in China is expected to reach 1 trillion by 2026, and exceed 35 trillion by 2030, with a compound annual growth rate approaching 12 times.
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Explosive Growth in Token Demand in China, Expected to Reach 1 Trillion by 2026
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