Move aimed at creating open and transparent system

Leaders attending the G20 Summit are likely to reach an agreement on a set of guiding principles on global investment, in a bid to spur declining investment activity, a senior Chinese commerce official said on Saturday.

If approved by the G20 members, the document would be the world's first multilateral agreement guiding global investment and a milestone in the global effort to create an open and transparent investment environment, Vice-Minister of Commerce Wang Shouwen said at a news conference ahead of Sunday's summit opening in Hangzhou, Zhejiang province.