China will see large-scale investment in 5G infrastructure as relevant standards mature and upstream hardware further improves, said a report published Wednesday by S&P Global (China) Ratings, a wholly-owned subsidiary of S&P Global Inc. registered in Beijing.

It noted that 5G investment is on the verge of peaking, with the annual capital investment of China's three major telecom operators this year expected to increase by 6 percent year on year.

Investment in 5G infrastructure is set to increase at a large scale in 2020, reaching about 120 billion yuan (about 17.3 billion U.S. dollars), the report said.

The construction of 5G infrastructure in the first quarter is expected to be lower than originally forecast at the beginning of the year, the report added, while predicting that an end to the novel coronavirus outbreak in the near term would be conducive to the recovery of cash flow from telecommunication equipment manufacturers.

The report also noted that coronavirus could promote wider application of the 5G technology in people's daily lives, with remote office solutions, telemedicine, VR/AR and autonomous driving becoming more mainstream.