ADBIDiscussionPaperSeriesTHEPEOPLE’SREPUBLICOFCHINA’SDIGITALYUAN:ITSENVIRONMENT,DESIGN,ANDIMPLICATIONSElijahJourneyFullertonandPeterJ.MorganNo.1306February2022AsianDevelopmentBankInstituteADBI’sdiscussionpapersreflectinitialideasonatopicandarepostedonlinefordiscussion.Somediscussionpapersmaydevelopintootherformsofpublication.TheAsianDevelopmentBankrefersto“China”asthePeople’sRepublicofChina.Suggestedcitation:Fullerton,E.J.andP.J.Morgan.2022.ThePeople’sRepublicofChina’sDigitalYuan:ItsEnvironment,Design,andImplications.ADBIDiscussionPaper1306.Tokyo:AsianDevelopmentBankInstitute.Available:https://www.adb.org/publications/the-peoples-republic-of-china...