Related to how I’ve said before that ‘having strong opinions on food’ is not picky, but perceived as smart and street smart: if you are someone who buys a touristy quality low quality food gift, no matter how expensive, that’s not positive. Having money and bi taste is perceived negatively. People would rather receive something cheaper but good quality.
I’ve never bought a super expensive gift like that but I know that Chinese business practices pretty much require it. There’s almost a sense you can’t trust someone with your money if they don’t know how to select and procure high quality food gifts.
Short of those skills, cash is fine.