The population of the People’s Republic of China (PRC) is aging rapidly. Approximately 17 percent of people are above the age of 60, a number which is expected to rise to 34 percent by 2050.
In Yichang City, where 23 percent of the population was above the age of 60 in 2018, 90 percent of the elderly live in buildings without an elevator. The community needs more adequate elderly care facilities and services. The ADB identified PPP projects that could respond to this demand but was not certain how private sector participation could best be used in the elderly care sector.