Two pieces of reading well worth your time this weekend:

In his post, The Death of the Asian Development Model, Michael Pettis lays out his argument for why China’s low-consumption-high-trade-surplus economic model will become unsustainable in the coming years (hint: it involves the US). Interestingly, Ariana Eunjung Cha of The Washington Post writes of how developing countries are increasingly looking to China as both a partner and model for their own ecoconomic growth. Does China’s growth model stand to change just has developing economies in Latin America and elsewhere are beginning to adopt the Beijing Consensus?