China will not allow chaos and war to break out on the Korean Peninsula, Chinese President Xi Jinping told a group of Asian foreign ministers on Thursday. He said such an eventuality would be to no one's advantage.

North Korea's drive to develop a nuclear weapons capability, in defiance of U.N. resolutions, has angered China and raised tension in the region.

"As a close neighbor of the peninsula, we will absolutely not permit war or chaos on the peninsula. This situation would not benefit anyone," Xi said in a speech to a Conference on Interaction and Confidence Building Measures in Asia.