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If Saudia Arabia has oil, then China has people. Specifically, it has great quantities of unskilled labor. Unfortunately, there is no equivalent of the NYMEX crude oil futures to mark the price of labor in China, but if there were, it would advance on fears that the All-China Federation of Trade Unions (ACFTU, the "OPEC" of this story) will implement newly drafted rules that will make operating in China more expensive and difficult. more ›