Chinese language and US nationwide flags flutter on the entrance of an organization workplace constructing in Beijing.Wang Zhao | AFP | Getty ImagesChina will proceed to defend its “nationwide sovereignty and territorial integrity” within the face of strain from the U.S., the vice chairman of a Beijing-based suppose tank mentioned this week.His feedback come amid criticism from the U.S. over plans for a brand new Hong Kong nationwide safety regulation that was launched final week as China’s parliament, the Nationwide Folks’s Congress, kicked off its annual session. The invoice has already sparked protests in Hong Kong, with some involved that it’ll give Beijing extra management over the town, which is a particular administrative area of China.”China and america want to speak as equals on equal phrases by respecting one another, relatively than one nation believing in imposing its will onto the opposite nation,” Victor Gao of the Middle for China and Globalization mentioned on Tuesday.U.S. Secretary of State Mike Pompeo mentioned the proposal can be a “dying knell” for Hong Kong’s autonomy, whereas White Home Nationwide Safety Advisor Robert O’Brien mentioned America is prone to impose sanctions on China if the regulation is handed.Former lawmaker from Democratic Social gathering, Emily Lau, mentioned Hong Kong is “very anxious, indignant and frightened,” and large corporations are “nervous” concerning the transfer.However Gabriel Wildau, senior vice chairman at Teneo Danger Advisory, mentioned the invoice’s impression on massive companies can be restricted, and the town will nonetheless have an edge over its rivals.”Even after this regulation, if enacted, Hong Kong may be very prone to keep the numerous benefits it has loved over the past a number of a long time within the Asia Pacific area, in comparison with its would-be rivals like Singapore or Shanghai, as the primary regional, enterprise and monetary hub,” he added. Gao informed CNBC’s “Capital Connection” that China wants to face agency on issues of precept and of sovereignty “irrespective of” what strain comes from the U.S.”I hope Washington will settle down. Hong Kong just isn’t a part of america, Hong Kong just isn’t a separate unbiased nation,” he mentioned.Hong Kong is ruled beneath the “one nation, two techniques” framework, which supplies the territory extra freedoms than the mainland. It’s meant to final for 50 years from 1997, when the town was returned to China by the British.Gao, who beforehand served as a translator for the late Chinese language chief Deng Xiaoping, mentioned points between the U.S. and China may be resolved in “amicable methods,” however there was “no means” treating China like a “banana republic” would work. The time period banana republic refers to a poor and badly dominated nation.”There are folks in Washington who have to get up to the truth that they need to not take pleasure in fantasies anymore, that by placing extra strain on China, China will collapse,” he mentioned. “China can be extra resilient towards such strain.”— CNBC’s Jasmine Kim, Weizhen Tan and Yen Nee Lee contributed to this report.