However, The Associated Press (AP) quoted Citigroup researchers as saying that they expect a 5 percent to 10 percent rise in Chinese births.

Screenshot of The Associated Press' report

The AP article also stressed potential economic impacts of the policy, saying that the policy change is a boon to "sellers of good from formula to diapers to toys."

Noting that the impact of the "surprise change" is expected to be gradual, AP said the decision coincides with official efforts to encourage economic growth based on consumer spending.

With incomes rising in the world's most populous country, even a small upstick in births could translate into higher demand from Chinese that could ripple around the world, the article said.

Screenshot of Reuters' report

A Reuters article also focused on the economic impacts, particularly an immediate one. With the title "China shares up after one-child policy change, dairy stocks jump", the article said China stocks were bolstered on Friday after the party announced the government would partially relax its regulation on population.

"The CSI300 index rose 0.2 percent, to 3,541.78 points at the end of the morning session, while the Shanghai Composite Index gained 0.1 percent, to 3,391.41 points," Reuters said.

Screenshot of Agence France Presse' report

Reuters' article is echoed by Agence France Presse (AFP), which reported stock investors cheered the news, pushing up listed Chinese companies which offer products for children.

Even Disney could have a finger in the pie, according to AFP report. Walt Disney chief Robert Iger said China scrapping its one-child policy is "good timing" as the US entertainment giant prepares to open a theme park in Shanghai.