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. If inflation continues to increase in 2011 and the government intervenes as it has done in the past, the biggest losers will be Chinese consumers.