Year

D3(x)

Z3(y)

C

D

Type

Coupling phase

2006

0.0643

0.0100

0.0643

0.0254

extreme inharmonious recession

low level coupling

2007

0.0608

0.1831

0.0608

0.1055

severe inharmonious recession

low level coupling

2008

0.0659

0.3692

0.0659

0.1560

severe inharmonious recession

low level coupling

2009

0.1094

0.4738

0.1094

0.2276

moderate inharmonious recession

low level coupling

2010

0.1434

0.5664

0.1434

0.2850

moderate inharmonious recession

low level coupling

2011

0.1070

0.7178

0.1070

0.2771

moderate inharmonious recession

low level coupling

2012

0.6274

0.7809

0.6274

0.7000

primary coordinated development

benign coupling

2013

0.4506

0.8237

0.4506

0.6092

near-coordinated development

moderate coupling

2014

0.7403

0.8512

0.7403

0.7938

moderate coordinated development

benign coupling

2015

0.1072

0.8541

0.1072

0.3026

mild inharmonious recession

moderate coupling

2016

0.6804

0.7854

0.6804

0.7310

moderate coordinated development

benign coupling

2017

0.6188

0.8866

0.6188

0.7407

moderate coordinated development

benign coupling