Just to clarify, yes Verizon LTE phones are unlocked out of the box. The 5 doesn't have all LTE bands but the Verizon 5 has the most of the models. It doesn't have US LTE bands (I.e. No ATT or T-Mobile LTE). It has great global support though.
Also China Telecom supports GSM so it will work fine. I can't say for sure if their LTE band is one of the many the Verizon 5 supports though.
Also China Telecom supports GSM so it will work fine. I can't say for sure if their LTE band is one of the many the Verizon 5 supports though.