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"Eventually, it's down to the airlines to decide whether or not to utilize the new traffic rights," he said. "If there is no demand, the airlines won't operate the route, otherwise they will lose money. Profitability is really the main concern."

"Do I want to see a date change? No. But I don't want to see a crooked election," he said.

"Despite all their efforts to date, they have failed to find the convergence of their interests or common ground", Wang said, adding that each side has underplayed the other's desire for a deal. Both sides have latched onto their own demands and principles, which has blurred the prospects of the dialogue process and exacerbated their mistrust.

"Everyone seems to be talking about e-commerce today, but I think if you curate the shopping experience, there is still a way to their wallets," he quipped.

"Early bond issuance will facilitate local governments' direct financing early enough to support capital expenditure," said Amanda Du, a senior analyst with Moody's Investors Service.