Market perception of the Toyota brand is a critical strategic issue for Toyota in China, as well as in India and many other important rapidly growing markets.
With high-end brands continually sought after by increasingly affluent consumers in China, Coach stands to benefit from its reputation and market perception as a prestigious leading luxury player.
The summit comes months before the two leaders had been originally scheduled to meet, highlighting a perception on both sides that the leaders need to refocus on the U.S.-China relationship following their political transitions and amid myriad distractions at home and abroad.