I used 1300 RMB to exchanged a SmartPhone Dopod 515. It is maybe the first SmartPhone on the market. The listed price seemed to be 4000+ RMB. This is the promption from Shanghai Mobile that people can exchange a mobile with the credit points and promise to consume certain level of communication fee in the next one year or two.
I didn’t spend time to research on the phone yet, but the camera feature of the phone is really good. To be continued on this topic.