Not to be outdone by capitalist rumourmongers, the Glorious People’s Republic of China is trying to stay competitive in the ever growing FUD field, with some rather outlandish rumours of an upcoming Xiaomi phone.

It goes something like this, Xiaomi is working on a successor to the M2 smartphone, based on Nvidia’s unannounced Tegra 4 chip. The phone is said to feature upwards of 2GB of RAM, 4.5-inch high def screen, 12-megapixel camera and an LTE capable Tegra 4 chip clocked between 1.8GHz and 2GHz.

It sounds more like a wish list than a spec sheet, but we wouldn’t discount the rumours just yet. Some Chinese companies have a reputation for leaking specs way ahead of time, and we are sure they don’t mind the free coverage.

While it is possible that Xiaomi is indeed working on a Tegra 4 phone, we must say we are rather skeptical. Nvidia is expected to showcase the Tegra 4 at CES and we should start seeing the first devices based on the new SoC a couple of months later. Provided all goes as planned, of course.

More here.