The Chinese government's recent decision to relax the rules preventing its car companies from investing abroad has provided a fodder for a wave conspiracy theories across the internet.

Shanghai Automotive will buy GM and Chrysler, you can read.Read it? Yes. Believe it? Well...

There's a strong argument that such sensationalist headlines serve only one purpose, to advance the government bail-out of the Detroit makers.

Throughout the US, the threat of foreign asset ownership mobilises a stream of dedicated workers and their families, all convinced that if you buy a car designed in Japan, you might as well move there. This is the same theory, but on a grander scale.

But if I were a Democrat senator, due to attend the auto industry bail-out vote on Thursday, I think I'd be making very sure that my voters knew which way I was voting.

 

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