FT reports:

BEIJING — China has banned television advertisements touting expensive watches, gold coins and other luxury items as “gifts for leaders” because of concerns that they will undermine public faith in government. The country has been hit by a wave of corruption scandals in recent months, with a string of officials exposed as owning vast numbers of homes, luxury watches and other trappings of illicit wealth.

Read more: http://www.washingtonpost.com/world/asia_pacific/china-bans-gift-ads-in-bid-to-curb-graft/2013/02/06/fd98295a-707d-11e2-a050-b83a7b35c4b5_story.html