China is issuing a blunt warning about growing tensions on the Korean peninsula. The Chinese Foreign Minister said today "storm clouds" are gathering in the standoff between the U.S. and North Korea. Foreign Minister Wang Yi warned today that the situation could spin out of control unless both sides exercise restraint. The comments come as North Korea threatens to stage another nuclear test and an American carrier group nears the peninsula. North Korea also issued a statement today, threatening to "annihilate" U.S. military bases in South Korea.