Network Effects and Characteristics of Cross-Industrial Tail Risk Spillover in China

Table 6

Subsample index ranking.

	Interval 1 Upside	Interval 2 Upside
In-degree	Communications, steel, automobiles, electrical equipment, chemicals	Machinery equipment, media, transportation, food and beverage, nonbank financials
Out-degree	Mining, food and beverage, health care, construction materials, construction furnishings	Mining, national defense, agriculture, chemicals, construction materials
RI	Mining, health care, food and beverage, construction materials, transportation	Mining, agriculture, national defense, construction materials, chemicals
Closeness	Communications, media, household appliances, light-industry manufacturing, national defense	Automobiles, machinery equipment, nonferrous metal, light-industry manufacturing, leisure services
	Interval 1 downside	Interval 2 downside
In-degree	Steel, automobiles, computer, conglomerate, nonbank financials	Nonbank financials, food & beverage, light-industry manufacturing, banks, computer
Out-degree	Chemicals, communications, transportation, household appliances, mining	Machinery equipment, transportation, chemicals, mining, conglomerate
RI	Chemicals, transportation, communications, Mining, household appliances	Machinery equipment, transportation, mining, chemicals, media
Closeness	Light-industry manufacturing, food and beverage, conglomerate, textile & apparel, nonbank financials	Nonbank financials, food and beverage, computer, automobiles, light-industry manufacturing