This theory is not plausible as Malaysian authorities announced that primary radar returns suggest the plane turned SSW.[1]
Additionally the airspace at the Chinese coast is most likely closely monitored 24/7.
Another good source for information/speculation is the Airliners Thread, currently at part 12: http://www.airliners.net/aviation-forums/general_aviation/re...
[1] http://www.frequentbusinesstraveler.com/2014/03/search-for-m...