From The Wall Street Journal’s Deal Journal blog:Foreigners are selling Chinese bank shares. Locals are buying them. Who’s the smart money?Several major deals in recent weeks have transferred chunks of shares in Chinese state banks from foreign investors,ghd straighteners, such as Bank of America and Royal Bank of Scotland, to local investors like Chinese sovereign wealth fund China Investment Corp. and Chinese dealmaker Fang Fenglei’s $2.5 billion Hopu Fund.The foreign investors, in need of cash amid the global credit shortage, look like distressed sellers–a reason to bet against them. But at least one local buyer,oakley sunglasses frogskins, China Investment Corp., smells like government-prodded policy support–a reason to bet against the local bulls, too.So who will look smart years down the road? The answer lies in your assumptions about Chinese government ...