summarize the key points of the paper:Xiang, Biao. 2012. "Predatory Princes and Princely Peddlers: The State and International Labour Migration Intermediaries in China." Pacific Affairs 85(1):47-68.

In his paper "Predatory Princes and Princely Peddlers: The State and International Labour Migration Intermediaries in China," Biao Xiang analyzes the role of the Chinese state and labor migration intermediaries in the context of international labor migration. Here are the key points: 1. **State Regulation and Control**: Xiang discusses how the Chinese government plays a dual role in regulating international labor migration. It positions itself as both a facilitator and a controller, shaping the migration landscape through policies that influence the behavior of intermediaries. 2. **Intermediaries' Roles**: The paper categorizes intermediaries into two types: "predatory princes," who exploit migrants for profit, and "princely peddlers," who provide valuable services that assist migrants. This distinction highlights the diverse motivations and practices of different actors in the migration process. 3. **Impact on Migrants**: The author examines how intermediaries, whether predatory or supportive, impact migrants' experiences and outcomes. Predatory intermediaries often engage in exploitative practices, while princely peddlers can help migrants navigate challenges and improve their prospects abroad. 4. **Policy Implications**: Xiang argues for a more nuanced understanding of labor migration and intermediaries, suggesting that policymakers should address the complex dynamics between state regulation and intermediary actions to better protect migrant workers. 5. **Migration as a Social Process**: The paper emphasizes that migration is not merely an economic transaction but a social process that involves networks, relationships, and varying degrees of power among different stakeholders. Overall, Xiang's analysis sheds light on the intricate relationships between the state, intermediaries, and migrants in the context of international labor migration in China, emphasizing the need for informed policy approaches.