During Thursday's Asia-Pacific Economic Cooperation (APEC) forum in San Francisco, U.S. President Joe Biden emphasized that the U.S. is not seeking to “decouple” from China, but rather to “de-risk and diversify” its economic relationship with the country. Biden reiterated that the two nations will work together on critical global issues such as climate change and counter-narcotics. Biden expressed the need for a stable relationship between the U.S. and China, saying that a “stable relationship between the world's two largest economies is not merely good for the two economies but for the world.”