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Chinese luxury brands, New York real estate, Dolce & Gabbana and Tesla – News briefs

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Stirring dragon: The rise Of Chinese luxury brands

In 2013, the Chinese government sought to diffuse social tension by imposing a ban on TV and radio ads for luxury goods. This was meant to address the country’s widening gap between the rich and poor, although Beijing also claimed to be concerned about the effect these ads had on values and creating a “bad social ethos," says Forbes.