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b'An already widening gap between rich and poor in the People\\u2019s Republic of China is likely to worsen due to its rapidly aging population.\\n\\nIncreasing life expectancy and the effect of a decades-long family planning policy that limited the number of children people could have is felt throughout the economy. \\n\\nAt the end of 2011, the number of people over 60 years old in the PRC reached 185 million or 14 percent of the population. By 2030, the PRC is expected to become the world\\u2019s most aged society, and by 2050, the number of elderly people is forecast to climb to 454 million, or 33 percent of the total population.\\n\\nRead the transript\\nhttp://bit.ly/2G2TeUs\\n\\nRead the working paper\\nhttps://www.adb.org/publications/population-aging-and-inequality-evidence-prc\\n\\nAbout the authors\\nXudong Chen is a professor at the School of Business, Department of Finance and Accounting, Baldwin Wallace University.\\nBihong Huang is a research fellow at ADBI.\\nShaoshuai Li is a PhD candidate at the University of Macau.\\n\\nKnow more about ADBI\\u2019s work on aging\\nhttp://bit.ly/2DFpsnS'