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The Chinese yuan will fluctuate against the dollar based on two factors - a stronger U.S. dollar index limiting appreciation and an uncertain trend for global trade, the China Securities Journal reported citing Zhong Zhengsheng, chief economist of Ping An Securities. The yuan may face depreciation pressures in the mid-term, as China' moves to stabilise the economy and on a possibly narrower growth gap with the U.S. in 2022, the newspaper cited Zhong as saying. But in the long-term, the yuan's mid-level is still supported by the stability of China's economy and strong export competitiveness, the newspaper said citing Zhong.