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According to UNCITRAL Model Law on Intemational Commercial Arbitration:"The term commercial should be given a wide interpretation so as to cover matters arising from all relationships of a commercial nature, whether contractual or not. Relationslups of a commercial nature include, but are not limited to, thefollowing transactions: any trade transaction for the supply or exchange of goodsor services; distribution agreement; commercial representation or agency; factoring; leasing; construction of works; consulting; engineering; licensing; investment; financing; banking; insurance; exploitation agreement or concession; jointventure and other forms of industrial and business cooperation; carriage of goodsor passengers by air, sea, rail or road. "
In China, the word "commercial" is also given a wide interpretation. According to the statement originally made by China on 22 January 1987 upon accession to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards Convention, China will apply the Convention only to differences arising out of legal relationships, whether contractual or not, that are consideredcommercial under the national law. Article 2 of the Notice of the Supreme People's Court on the Disposal of the Relevant Issues about the Foreign-related Arbitration and Foreign Arbitral Matters by the People's Court points out that the socalled "commercial legal relationships whether contractual or not" refer to economic relationships of rights and obligations arisen from contracts, torts or relativelegal regulations, for example, sale of goods, property leasing, project contracting, undertaking of processing, transfer of technology, joint venture, cooperative venture, exploration and exploitation of natural resources, insurance,credit loan,labor,agency,consultant service and guest and cargo transportation by sea, air, railway and road, and product liability, environment pollution, accident at sea andtitle dispute, but not including disputes between foreign investors and the host government.