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WRAP: 'Most important relationship in the world', President Xi hosts state banquet for Trump

VIDEO SHOWS: SECOND WRAP INCLUDING EDITS RELATED TO TRUMP -XI BANQUET/ IRAN / TAIWAN REACTIONS / APPLE CEO TIM COOK/ ELON MUSK AND HIS SON X Æ A-12 ARRIVING BEFORE MEETING

EDITORS PLEASE NOTE: THIS EDIT IS A WRAP AND CONTAINS NO NEW MATERIAL. ORIGINAL EDIT NUMBERS ARE INCLUDED IN SHOTLIST

SHOWS: China's President Xi Jinping hosted a lavish state banquet for President Donald Trump in Beijing on Thursday (May 14), as part of his U.S. counterpart’s official visit.

The guest list included senior Trump administration officials and leading business executives, including Tesla CEO Elon Musk and Nvidia chief Jensen Huang.

(0531-CHINA-USA/TRUMP-BANQUET)

BEIJING, CHINA (MAY 14, 2026) (U.S. NETWORK POOL - No use USA)

1. TESLA CEO, ELON MUSK, POSING FOR PHOTOGRAPHS WITH APPLE CEO, TIM COOK

2. U.S. SECRETARY OF STATE, MARCO RUBIO, SPEAKING TO ATTENDEES AT DINNER

3. ATTENDEES AROUND TABLE

4. U.S. SECRETARY OF DEFENCE, PETE HEGSETH, SPEAKING TO ATTENDEE AT DINNER

5. VARIOUS OF U.S. PRESIDENT, DONALD TRUMP, AND CHINESE PRESIDENT, XI JINPING, ARRIVING FOR STATE BANQUET

6. DINNER VENUE

7. TRUMP SEATED AT TABLE AND LISTENING

8. XI STANDING AT PODIUM

Chinese President Xi Jinping described relations between China and the U.S. as the "the most important bilateral relationship" and that it "must not be messed up", on Thursday (May 14).

Xi made the remarks in a toast at a state banquet he was hosting for visiting U.S. President Donald Trump at the Great Hall of the People in Beijing,

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BEIJING, CHINA (MAY 14, 2026) (U.S. NETWORK POOL - No use USA)

9. (SOUNDBITE) (Mandarin) CHINESE PRESIDENT, XI JINPING, SAYING:

“Today, I had an in-depth exchange of views with President Trump on China-US relations as well as the international and regional situation. We agreed that: China-U.S. relations are the most important bilateral relationship in the world today. They can only be handled well and must not be messed up. When the two countries cooperate, both benefit; when they fight, both suffer. They should be partners, not adversaries. We agree to build a constructive and strategically stable China-US relationship, promote the stable, healthy, and sustainable development of bilateral ties, and bring more peace, prosperity, and progress to the world.“

10. TRUMP SEATED AND LISTENING

11. CHINESE PRESIDENT, XI JINPING, TOASTING U.S. PRESIDENT, DONALD TRUMP, AT BANQUET

12. TRUMP TOASTING

U.S. President Donald Trump on Thursday (May 14) said there was a chance to "create a future of greater prosperity, cooperation, and happiness" with China, during his visit to Beijing.

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BEIJING, CHINA (MAY 14, 2026) (U.S. NETWORK POOL - No use USA)

13. TRUMP WALKING TO STAGE

14. APPLE CEO TIM COOK SEATED AND LISTENING

15. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING:

“This bond of commerce and respect that stretches back 250 years is the foundation for a future that benefits both of our nations. The American and Chinese people share much in common. We value hard work. We value courage and achievement. We love our families, and we love our countries. Together, we have the chance to draw on these values to create a future of greater prosperity, cooperation, and happiness and peace for our children. We love our children.”

16. FOUNDER, PRESIDENT AND CEO OF NVIDIA JENSEN HUANG SEATED AND LISTENING

17. (SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING:

“Thank you again, President Xi, for this beautiful welcome. And tonight, it is my honour to extend an invitation to you and Madam Peng to visit us at the White House this September 24th. And we look forward to it. And I'd now like to raise a glass and propose a toast to the rich and enduring ties between the American and Chinese people. It's a very special relationship. And I want to thank you again. This has been an amazing period of time. Thank you, President Xi.”

18. GUESTS IN ATTENDANCE SEATED

19. TRUMP TOASTING XI

20. XI TOASTING

21. TRUMP FINISHING TOAST, WALKING OFF STAGE

Taiwan sees no surprises from Trump-Xi talks, wants military pressure ended.

(0484-CHINA-USA/TRUMP-TAIWAN)

TAIPEI, TAIWAN (MAY 14, 2026) (REUTERS - Access all)

22. TAIWAN MAINLAND AFFAIRS COUNCIL DEPUTY MINISTER, LIANG WEN-CHIEH, APPROACHING PODIUM AND NEWS CONFERENCE BEGINS

23. (SOUNDBITE) (Mandarin) TAIWAN MAINLAND AFFAIRS COUNCIL DEPUTY MINISTER, LIANG WEN-CHIEH, SAYING:

"We would like to emphasise that, while Xi Jinping has said that the independence of Taiwan is the greatest risk to peace in the Taiwan Strait. However, in Taiwan, the primary objective pursued by the public is to maintain the existing status quo of the Republic of China. This is the broadest consensus among the Taiwanese people. At present, the greatest risk to peace in the Taiwan Strait lies in the Chinese Communist Party’s intention to undermine this status quo and to disrupt the continued existence of the Republic of China. That, in fact, is where the real risk to peace in the Strait currently resides. We hope that, if there is genuine concern for peace and stability in the Taiwan Strait, the Chinese Communist Party should first scale back its military intimidation against Taiwan. Thank you."

Xi told Trump at the start of a two-day summit on Thursday that trade talks were making progress, but warned that disagreements over Taiwan could send relations down a dangerous path and even lead to conflict.

(0503-CHINA-USA/POSITION-MOFA)

BEIJING, CHINA (MAY 14, 2026) (REUTERS - Access all)

24. CHINESE FOREIGN MINISTRY SPOKESPERSON, GUO JIAKUN, ARRIVING FOR NEWS CONFERENCE

25. (SOUNDBITE) (Mandarin) CHINESE FOREIGN MINISTRY SPOKESPERSON, GUO JIAKUN, SAYING:

"In his talks with U.S. President Donald Trump, President Xi Jinping pointed out that the Taiwan question is the most important issue in China-U.S. relations. If it is handled properly, the bilateral relationship will enjoy overall stability. Otherwise, the two countries will have clashes and even conflicts, putting the entire relationship in great jeopardy. 'Taiwan independence' and cross-Strait peace are as irreconcilable as fire and water. Maintaining peace and stability across the Taiwan Strait represents the greatest common ground between China and the U.S. The U.S. side must handle the Taiwan issue with the utmost prudence."

Taiwanese residents have voiced mixed reactions on Thursday (May 14) ahead of the bilateral meeting in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping.

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TAIPEI, TAIWAN (MAY 14, 2026) (REUTERS - Access all)

26. VARIOUS OF TAIWAN'S LANDMARK TAIPEI 101 WITH TRAFFIC

27. PEDESTRIAN CROSSING ROAD

28. (SOUNDBITE) (Mandarin) VINCENT LAI, 62-YEAR-OLD RETIRED VETERAN FROM TAIPEI, SAYING:

"I think this (Donald Trump and Xi Jinping meeting) is definitely something to be concerned about. It has a very significant impact on Taiwan. So the question is, will the United States—will Trump—ultimately betray Taiwan? I think this is absolutely crucial. For Taiwan, it’s extremely important. Basically, I don’t really trust Trump."

29. VARIOUS OF PEDESTRIAN CROSSING ROAD

30. (SOUNDBITE) (Mandarin) MS. CHEN (WISHING NOT TO GIVE FIRST NAME), RETIREE FROM TAINAN, SAYING:

"It’s a good thing to be able to sit down and talk through differing views and opinions (for Donald Trump and Xi Jinping meeting). As we ethnic Chinese people say, people tend to show a measure of goodwill once they meet face to face, so meeting in person is a very positive thing. I don’t see anything wrong with it. In fact, not all changes are necessarily decided by these two leaders alone. In a democratic system, decisions are made through democratic processes. So I don’t think this is something that requires too much attention or concern."

Beijing residents expressed cautious hopes on Thursday (May 14) that talks between U.S. President Donald Trump and Chinese President Xi Jinping would help stabilise ties between the world's two largest economies, while voicing concern over Trump's unpredictable style.

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BEIJING, CHINA (MAY 14, 2026) (REUTERS - Access all)

31. VARIOUS OF RESIDENTS PRACTICING CHINESE RIBBON DANCE IN COURTYARD BEHIND GULOU TOWER

32. (SOUNDBITE) (Mandarin) 67-YEAR-OLD BEIJING RESIDENT, COMMUNITY VOLUNTEER, SURNAMED ZHANG, SAYING:

"Trump sometimes goes back on his word. But I hope this meeting with President Xi will yield a good outcome."

33. PEOPLE AT COURTYARD BEHIND GULOU TOWER

34. (SOUNDBITE) (Mandarin) 52-YEAR-OLD RETIRED UNIVERSITY PROFESSOR, LI TUO, SAYING:

"Right, he's a controversial figure. But honestly, my impression of him isn't that great — speaking very realistically — because he's always changing."

35. GULOU DRUM AND BELL TOWER LANDMARK BUILDING WITH RESIDENTS WALKING BY

36. VARIOUS OF GULOU DRUM AND BELL TOWER LANDMARK BUILDING WITH ROAD SURVEILLANCE CAMERAS IN FOREGROUND

Iranians fear dealmaking over Tehran as Trump visits China.

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TEHRAN, IRAN (MAY 14, 2026) (WANA - No use BBC Persian. No use VOA Persian. No use Manoto. No use Iran International. No use Radio Farda)

37. BILLBOARD ON BUILDING DISPLAYING IMAGE OF IRAN LATE SUPREME LEADER ALI KHAMENEI, RAISING HIS FIST IN THE AIR

38. CLOSE-UP OF BILLBOARD SHOWING KHAMENEI’S FIST IN AIR

39. MOTORBIKES AND CARS DRIVING PAST

40. (SOUNDBITE) (Farsi) TEHRAN RESIDENT, MEHRAN SADR, SAYING:

“Because the United States prioritizes its trade interests in line with China’s interests, there is a 100% chance that China will lean toward the United States.”

Chinese Premier Li Qiang holds talks with US business leaders.

(0470-USA-CHINA/LI-CEOS)

BEIJING, CHINA (MAY 14, 2026) (REUTERS - Access all)

41. APPLE CEO TIM COOK AND FOUNDER, PRESIDENT AND CEO OF NVIDIA JENSEN HUANG, ARRIVING FOR TALKS WITH CHINESE PREMIER LI QIANG

42. COOK DOING THE V-SIGN BEFORE ENTERING MEETING VENUE

43. ELON MUSK AND HIS SON X Æ A-12 ARRIVING

44. CHINESE PREMIER LI QIANG ARRIVING AND GREETING BUSINESS LEADERS

45. TALKS IN PROGRESS

46. NEW YORK STOCK EXCHANGE (NYSE) GROUP LYNN MARTIN AND COHERENT CORP CEO JIM ANDERSON SEATED

47. COOK SPEAKING

48. TALKS IN PROGRESS