For twenty-six year old Wang JingJing, who is pregnant with her first baby, the landmark change to China's controversial one-child policy, means she is one step closer to realizing her dream of having a big family just like her grandparents did.
"I love this new change. I support it 100 percent and I know that in the future, China will eventually be like what it was like in our grandparents' days," she told CNBC.
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Chinese policy makers unveiled a raft of sweeping reforms on Friday, including a widely-anticipated change to the country's one-child policy, a policy which has attracted criticism worldwide since its implementation in the late 1970s.
The controversial policy was successful in nearly halving the fertility rate over the past three decades, at a time when China's rising population was a deemed a problem, but has brought with it a slew of negative side-effects, including a rise in sex-selective abortions and infanticide. Meanwhile, from an economic standpoint, it has led to concerns over a rapidly aging population and a decline in the working age population.
Now, Chinese families will soon be able to have a second child if one of the parents has no brothers and sisters, a marked change from the previous law where both parents needed to be only children to allow a second child to be born.
But some fear the rule-change, which policy-makers hope will give the economy a boost, might not be as effective as hoped.
"China, like the rest of the world, is under strain from an aging population and this policy is designed to 'slow the speed at which the country's population is aging and boost [the] labor [force],'" said Evan Lucas, market strategist at IG.
"This is a very long-term policy as only-child parents are not as common as most people would believe, so this will take almost two decades to be felt," he added.