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"But the monetary policy will have to coordinate with the bond issuance, to maintain sufficient liquidity and keep financing costs at a low level," said Ming.

"China makes the high-road call for 'matters of principle' and directly addresses what is reported to be the prime area of disagreement: enforcement," he said. "China asserts that if a trade agreement is reached, it will honor its commitments sincerely and faithfully."

"But we could be left with no choice but to seek a new path if the US does not make good on its promises, misjudges our patience, while seeking to force things unilaterally and clinging to sanctions and pressure," he added.

"China has shown economic strength... in the last decades, its economy has also fueled our growth in ASEAN with tourism from China, manufacturing and infrastructure projects," he said.

"China is not aimed at challenging or replacing any country. It is committed to a new path of state-to-state relations, that values dialogue above competition and partnership above alliance," he said.