[Explosive Growth in Token Demand in China, Consumption Expected to Reach 1 Quintillion by 2026] Deep Tide TechFlow reports that on September 12, 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 large models and computing power competition to the large-scale implementation and monetization of intelligent agents, China's token (Token) demand is experiencing explosive growth. The report highlights that artificial intelligence is currently entering a new development phase centered around intelligent agents. Intelligent agents simplify and democratize complex AI technologies, enabling both individuals and enterprises to complete full-process complex tasks without requiring expertise in professional technologies. Rao Shaoyang, Director of the Industry and Enterprise Strategy Research Institute at the China Telecom Research Institute, stated: It is estimated that by 2026, China's annual Token consumption will reach 1 quintillion, and by 2030, it will exceed 3.5 quintillion, with a compound annual growth rate approaching 12-fold. (Jin10)