China 's luxury ad ban targets country 's widening wealth gap . Luxury ads ' publicized incorrect information ' , says China 's tv watchdog . The holiday , compared to Christmas in the West , is a time of intense gift- and money-giving . Share prices of luxury brands fell after China collapsed . Ad ban latest in terms of decisions on low - income lifestyle for Communist members .
China 's luxury ad ban targets country 's widening wealth gap . Luxury ads ' publicized incorrect information ' , says China 's tv watchdog . Share prices of luxury brands fell after China collapsed . Ad ban latest in terms of decisions on low - income lifestyle for Communist members .