News Analysis China is looking to put a dent in the global commodities boom of 2021. The price of China’s industrial commodities fell last week after Beijing announced new measures to curb runaway material prices that are beginning to fan fears of inflation. A rebound in the world’s biggest economies following the CCP (Chinese Communist Party) virus outbreak has caused a spike in global demand for materials, causing prices to skyrocket in 2021. The Refinitiv/ CoreCommodity CRB Total Return Index has returned 19.8 percent year-to-date and has returned 55.8 percent from the recent low recorded on May 27, 2020. China, being the world’s second-largest economy and biggest exporter of finished goods, has consumed record amounts of raw materials since the second half of 2020 as global demand for products such as furniture, exercise equipment, and appliances has increased. The country has had to contend with higher prices of commodities such …