China Unicom and Apple signed a deal a month or so back, that resulted in the iPhone 3G getting ready to head over to China with the 700 million mobile subscribers in the country. What we didn’t know is when the phone was coming and how much it would cost.

China Unicom announced today that it would be selling the iPhone at a standalone price of 5,000 yuan or about $732.50. Most people will opt to choose a subsidized package that will bring the cost of the phone down significantly.