Chinese consumer price inflation surged to a 25-month high in October with a reading of 4.4 percent, well above the 3.6 percent increase a month earlier and the 3 percent target the government would like to achieve. The Global X China Materials ETF (NYSEArca:CHIM) and the Global X China Energy ETF (NYSEArca:CHIE) are ETFs to watch if this scenario plays out. For those interested in hedge-fund replication strategies, a number of ETFs are on the market to help calm investorsâ nerves and lower daily price swings.