Make up for the "efficiency deficit" and solve the "contradiction between supply and demand", and China and Pakistan will work together to promote the reform of the global governance system.

  Introduction: The current global governance system is affected by political polarization, and the "efficiency deficit" is prominent. On the one hand, developed countries do not have enough ability and willingness to provide global public goods, on the other hand, they are unwilling to transfer more power to developing countries, resulting in two "supply and demand contradictions" in international governance. It is difficult for developing countries to deeply participate in global governance and promote the democratic reform of global governance. China and Brazil, as the largest developing countries and important representatives of emerging powers in the eastern and western hemispheres, will continue to carry out efficient and sustainable bilateral cooperation, twist into a rope with the vast number of developing countries, and work together to promote the reform of the global governance system.

  China and Brazil are the main representatives of emerging powers. They are in an important period of national modernization and rising international influence, and their international identities are facing a key transformation from "peripheral powers" to "central countries". Since the beginning of the new century, with the strong impetus of economic and trade relations and the promotion of South-South cooperation, China-Pakistan relations have made a leap-forward breakthrough with richer international connotations. Promoting the reform of the global governance system has become an important topic in the strategic dialogue between China and Pakistan, which is also the key reason why the international community is paying more and more attention to the development trend of China-Pakistan relations.

  Both China and Pakistan advocate the reform of the current global governance system, and hold similar positions on major international issues such as the reform of the international financial system, food security, energy security, climate change, the UN Millennium Development Goals, and global security governance. They both adhere to the principle of multilateralism, advocate the democratization of international relations and the multipolarization of the world, emphasize the concept of a new international political and economic order, and defend the development and security rights of developing countries. China and Pakistan hold common reform demands and similar reform positions, laying an important foundation for the two countries to expand bilateral cooperation in major international affairs.

  Since the beginning of the new millennium, the two countries have cooperated closely in international multilateral mechanisms such as the United Nations, the International Monetary Fund, the World Trade Organization, the World Bank, and the G-20. Especially through the platform of BRICS, China and Pakistan have achieved more extensive cooperation with other developing countries (especially large developing countries), which has enhanced the overall voice of developing countries in global governance and promoted the gradual establishment of a new world political and economic order and an international multipolar pattern.

  Image source: vision china

  From the overall context of the development of China-Pakistan bilateral relations, global governance cooperation has become a significant growth point of China-Pakistan cooperation since the new century, and South-South cooperation, including China-Pakistan cooperation, has actually promoted the redistribution of global power resources. Although the developing countries are far from achieving an international status that matches their overall strength, their global governance concept has attracted higher international attention, which fully shows that multilateral cooperation has become an effective way for developing countries to enhance their participation in global governance.

  At present, the theme of "peace and development" is facing unprecedented challenges, and the "efficiency deficit" of global governance is prominent. Generally speaking, the current predicament of global governance mainly stems from two groups of contradictions between supply and demand. The first group of contradictions is the contradiction between the arduous task of global governance and the decline of the ability and willingness of the leaders of the governance system to provide public goods. At this stage, influenced by political polarization, the narrow nationalism, protectionism and populism of developed countries in the United States and Europe are on the rise. In the process of participating in globalization, they emphasize the maximization of their own interests, and their willingness and ability to participate in global governance and provide public goods are greatly reduced, and even the phenomenon of withdrawing from international multilateral cooperation mechanisms at will appears, which is in great contrast to the situation in which developed countries led the promotion of global governance in the rapid development stage of economic globalization in the past. Moreover, the problems of "democracy deficit", "responsibility deficit" and "trust deficit" existing in global governance are more prominent, and the reform of global governance system is very necessary and urgent.

  Another set of contradictions is the contradiction between the great demand of developing countries to participate in international governance and the small transfer of power in developed countries. In the process of the transformation of the international system, the vast number of emerging markets and developing countries have put forward reasonable demands for participating in global governance, demanding the reform of the global rule system dominated by western developed countries, changing the global governance rules oriented to the interests of developed countries, and paying more attention to the interests of developing countries (even all mankind). However, with the comparative change of global strength and the relative weakness of its own strength, the West hopes to continue to master the leading role of global governance at a lower cost. In other words, the leading party of the global governance system does not agree with or accept the new participants. This makes it more difficult for global effective governance, global governance reform and international system transformation to fit together, which leads to the lag of global governance mechanism that is not commensurate with the global power structure.

  Image source: vision china

  Obviously, the above two groups of contradictions between supply and demand form a two-way constraint on multilateralism, which is bound to create obstacles for developing countries to expand their participation in global governance and promote the democratic reform of global governance. Although multilateralism is in crisis, it is still the priority path for developing countries to carry out international cooperation. First, multilateralism can effectively reduce the cost of emerging powers participating in global governance; Second, multilateralism helps to alleviate the asymmetry of decision-making influence between emerging powers and established powers.

  China-Pakistan relations have a solid foundation for cooperation. At present, the world outlook, security outlook and development outlook of the two governments are highly consistent, and they have similar positions on the reform of the global governance system, which provides a favorable environment of mutual trust for deepening cooperation. In the next stage, the development focus of China-Pakistan relations is mainly reflected in the following two levels.

  First, maintain the efficiency and sustainability of bilateral cooperation. The development of relations between countries should be based on the integration of interests of both sides, and the degree of interest consistency is the key factor to determine the efficiency of bilateral relations. The trade structure between China and China is highly complementary. Brazil is an important partner of to ensure energy, resources and food security, and also a major supplier of soybeans, corn, iron ore and oil. At present, China and Pakistan still have a large space to "make a big economic and trade cake", especially the agricultural products trade has great potential. At the investment level, we should pay more attention to Brazil’s energy, infrastructure, mining, agriculture and other fields, especially focusing on the two major fields of energy and infrastructure, which have a large investment gap in Brazil. Considering Brazil’s "re-industrialization" demand, achieving higher quality integration of industrial chain will be the development direction of bilateral investment relations in the future.

  Second, firmly defend multilateralism and work together to promote global governance reform. As the largest developing countries in the eastern and western hemispheres, China and Brazil shoulder the mission of safeguarding the legitimate rights and interests of developing countries, and should also be the core forces to promote the reform of the global governance system. Especially in the situation that globalization is going against the current, multilateralism is facing difficulties and the efficiency of global governance is shrinking, on the one hand, China and Brazil should strengthen the coordination of their positions on major global issues. We should make good use of multilateral mechanisms such as G20, BRICS and Basic Four countries (Brazil, South Africa, India and China) and strive to form a unified voice. On the other hand, we should strengthen interaction and cooperation with other developing countries to stimulate new vitality of South-South cooperation. Only when developing countries form a strong reform force can the reform of global governance system make a fundamental breakthrough.

  Image source: China Daily