 By the mid-2010s, Chinese investment in Latin America had also begun to decline, especially following the 2015–2016 Chinese stock market crash.In 2015, the shift away from the left became more pronounced in Latin America, with "The Economist" saying the pink tide had ebbed and Vice News stating that 2015 was "The Year the 'Pink Tide' Turned".By 2016, the decline of the pink tide saw an emergence of a "new right" in Latin America, with "The New York Times" stating "Latin America's leftist ramparts appear to be crumbling because of widespread corruption, a slowdown in China's economy and poor economic choices", with the newspaper elaborating that leftist leaders did not diversify economies, had unsustainable welfare policies and disregarded democratic behaviors.