ZTE has just announced in its @中兴V5 Weibo account that the launch of the new ZTE V5 flagship phone will be held on October 23 in Beijing.
It has been reported that the ZTE V5 flagship phone has support for dual-4G LTE, a bigger screen, and more fashionable design. It will also use the well-received Nubia UI and sport 13-megapixel camera with optical image stabilization (OIS). Reports also say that this phone will also cost around 1000 RMB (163.25 USD). [source]