Definition: In this task, a passage will be given and the goal is to identify an event from the passage. An event is defined as a single word representing something that happened, is happening, or may happen. An event can be factual or hypothetical, positive or negative, certain or uncertain. While most events are based on verbs, an event can also be based on a noun (ex. storm, snow, rainfall) or a copula verb (is, was, been, etc.). The event must not be a pronoun or an adjective. For noun events with multiple words, use the last word in the phrase as event.
Input: Passage: The summit was sponsored by the Private Economic Studies Center under the Chinese Academy of Social Sciences, Zhejiang Provincial Administration for Industry and Commerce, and Zhejiang Private (Non-Governmental) Enterprises' Association. A key sector in the province's economy, private enterprises hold 90 percent of jobs and 70 percent of the gross domestic product in Zhejiang.

sponsored