China bans ads on luxury watches, rare stamps on TV, radio to encourage

Beijing, Feb. 6 — Chinese television and radio channels have been ordered to cut down on advertisements that encourage exchanging expensive gifts like luxury watches, rare stamps and gold coins as they promote "bad ethos." This is the latest instance of the Communist Party of China's (CPC) new dispensation's efforts to curtail extravagance in spending and comes at a time when the several cases …

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