China’s AI advantage: The Token Economics
For the past two years, the AI race has largely revolved around one question: Whose model is the smartest? But as model capabilities converge and agentic AI dramatically increases usage, a different question is becoming harder to ignore: How much does intelligence actually cost? The answer may lie in a deceptively simple unit: the token. No longer just a technical measure of text, tokens are becoming an operating cost for enterprises, a variable for AI architecture, and potentially a new commodity in the global AI economy.




