China is expected to replace South Korea as the world's largest flat-panel display producer in 2019, an industry report said.

The nation has invested 800 billion yuan ($120.6 billion) in flat-panel display production lines, with investment in liquid crystal display (LCD) panel production exceeding 500 billion yuan, according to the China Video Industry Association and China Optics and Optoelectronics Manufacturers Association.

Statistics also showed that revenue from the country's display industry topped 200 billion yuan last year, and shipments of display panels reached around 57 million square meters in the first half of 2017, accounting for one-third of global shipments, second only to South Korea.