The test prompted the U.S. and the South to stage a joint missile drill aimed at countering the North's threats, after South Korean President Moon Jae-In called for a response beyond "just words".
The UN Security Council meeting came in response to North Korea's first ICBM test on Tuesday, which United States officials assess was a new kind of missile that had a range of about 5,500 km, capable of hitting Alaska, reports CNN.
Tuesday's launch saw North Korean leader Kim Jong-Un fire a new type of missile from Panghyon aircraft plant, a site not previously associated with his missile program, Pentagon spokesman Navy Captain Jeff Davis said.
Labor's shadow foreign affairs minister Penny Wong said Australia must be "clear eyed" about the possibility of military conflict with North Korea.
Xi's visit to Russian Federation came amid a flare-up of tensions between China and the USA over an American destroyer sailing within the territorial waters of a Chinese-claimed island in the South China Sea.
Bruce Bennett, a senior defence analyst at the Rand Corporation, has warned that North Korea has no intention to denuclearise.
The intercontinental ballistic missile Hwasong-14 is seen during its test in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang, July 5 2017.
About 90 percent of North Korean trade comes through China.
The US has said North Korea's missile launch was a "dark day" for the world and warned it was ready to use military force in self-defence against the rogue state. "We will work with any and every country that believes in peace".
U.N. Ambassador Nikki Haley chided Moscow and Beijing over their opposition to a Security Council resolution condemning North Korea and imposing greater economic sanctions for what she called its "sharp military escalation". She said that while the United States is not seeking a military confrontation, military options are indeed on the table.