President Xi Jinping addresses the opening ceremony of the fifth foreign ministers' meeting of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Beijing, April 28, 2016. [Photo/Xinhua]

President Xi Jinping said China, a close neighbor to the Korean Peninsula, will "never allow the Peninsula to have war or chaos" because "it will be no good for anyone in the event of such situations".

Xi made the remarks when addressing the fifth foreign ministers' meeting of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) in Beijing on Thursday.

Xi said all parties should hope to continue exercising restraint, and they are urged "not to stimulate each other or flare up contradictions".

Instead, parties should "make joint efforts in dragging the Peninsula nuclear issue back, at an early date, on the track of resolving through dialogue and negotiation" and "push for realizing long-lasting peace and stability in Northeast Asia", Xi added.

The President noted that the Peninsula situation has experienced tension since the beginning of the year.

He said China "has dedicated great efforts in controlling, managing the situation and pushing forward dialogue and negotiation among the parties".

China upholds the denuclearization of the Korean Peninsula, safeguarding its peace and stability, and resolving the issue through dialogue and consultation, Xi said.

"As a permanent member of the United Nations Security Council, China implements the relevant UN Security Council resolutions in an all-out and integral manner," Xi said.