China 's luxury ad ban targets country 's widening wealth disparity . Luxury ads 'publicized incorrect values ' , says China 's tv watchdog . Share prices of luxury companies fell after China announcement . Comment:
China 's luxury ad ban targets country 's widening wealth disparity . Luxury ads 'publicized incorrect values ' , says China 's tv watchdog . Share prices of luxury companies fell after China announcement . Ad ban latest in series of decisions pushing low-key lifestyle for Communist members .