This is the Xiaomi Mi 5 (Specifications, Price)

As the media waits for the Xiaomi Mi 5 media preview to begin in Barcelona at the MWC, info from China reveals everything you need to know about the Mi 5.

As expected, there will be two versions of the Xiaomi Mi 5. However, what we didn't see coming was an upgraded Mi 4 in the Mi 4s. The phone doesn't quite challenge the Mi 5 with its specs, but makes for a nice budget device nonetheless.

Word is that the Mi 5 will, in its Youth (3GB RAM) and Advanced (4GB RAM) editions cost 1999 Yuan ($306) and 2699 Yuan ($413) respectively. Keep watching this space for updates, as we might have to update this when official info is received.

As believed, the Mi 5 does have NFC and a curved rear body, which Xiaomi call '3D ceramic'. More info about the phone should be available as the launch goes on, so stay tuned!

The Xiaomi Mi 5 very much resembles the Mi Note. The only couple of things (most noticeable) seem to be that the Mi 5 has a home button (and thus, a fingerprint sensor) and a smaller display.

Take a look at some photos of the phone.

The Mi 5 has a Sony IMX298 16 mega-pixel camera sensor assisted with PDAF. While we don't have samples straight out of the phone yet, here are some that feature in Xiaomi's slides for the China presentation. Notice the comparison with the iPhone...