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After the new energy vehicles, lithium-ion batteries and photovoltaics swept the global market, China's digital service export sector has seen a new category emerge this year: tokens. A token is the smallest basic unit for data operations and output in large models, and serves as a key metric for measuring intelligent computing power consumption and determining service value. Unlike trade in goods that relies on cross-border logistics, the token export business enables full‑chain digital transactions, resulting in lower trade costs and opening up a new path for the globalization of China's digital economy. The overseas expansion of token exports has experienced explosive growth. This is due, on the one hand, to sustained policy support from China’s top‑level design and the effective implementation of pilot programs in multiple regions, and on the other hand, to the structural shortage of overseas computing power driven by the expansion of the global AI industry. Compared with overseas markets, China possesses comprehensive digital infrastructure and a mature computing power industry chain, offering unique cost advantages in data center construction, power supply, and scalable production of computing capacity. Leveraging its complete hardware and software ecosystem, institutional frameworks, and new infrastructure, China is steadily emerging as a core provider of essential infrastructure for the global AI industry.