China's economy will get a considerable boost if it goes ahead and revises its controversial one-child-per-family policy, Citi Research analysts have found.
The highly unpopular law which restricts Chinese couples to only having one child has been in force for three and a half decades, but in recent months local media has reported that Beijing will revise the policy either later this year or early next year.
(Read more: China could ease one-child policy by year-end)
Under the new rule, families will be allowed to have a second child if one of the parents has no siblings, a change from the current policy where parents can only have a second child if both parents are only children. There is also talk of a blanket two-child policy after 2015.
According to a note from Citi, the change in China's population policy is set to give the economy a boost in both the short and long-term, at a time when its aging population is starting to turn problematic. In China 8.5 percent of the population is currently over 65, and this is set to rise to 23.9 percent by 2050, according to United Nations data.
"China has reached a turning point where the demographic dividend will become a liability," said Shuang Ding, China economist at Citi.