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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.
There is a Chinese business adage that goes something like, “Every company in China keeps four sets of financial books: one understated set for the government, a second set to satisfy the wife, a third set to impress the mistress, and the actual records for management." So much for GAAP compliance. Most generally, the point of this joke is that in the recent past, to put it mildly, China has been an extremely permissive operating environment, where there has neither been the will nor the means to enforce standards of accountability that are expected in the developed world.
One step closer to a worker's paradise!