The Chinese government reportedly is looking into scrapping mandated birth limits, a policy that has been in place for four decades.

China relaxed its one-child policy over the past few years, allowing families to have two children if one of the parents was an only child. 

China's State Council has ordered a study to examine the repercussions of ending the birth limits, Bloomberg reported.

The policy change would seek to reduce the pace of the aging Chinese population and help with a shortage of workers.

Bloomberg said proposals under discussion would replace the population-control policy with one called "independent fertility," allowing people to decide how many children to have. The decision could be made as soon as the fourth quarter, a person familiar with the matter said, adding that the announcement might also be pushed into 2019.

More from Politics

UK Prime Minister Theresa May Survives No-Confidence Vote, Vows New Brexit Plan

UK Prime Minister Theresa May Survives No-Confidence Vote, Vows New Brexit Plan

What the Government Shutdown Means for Retail

What the Government Shutdown Means for Retail

Pelosi Asks Trump to Delay State of Union Amid Shutdown or Deliver in Writing

Pelosi Asks Trump to Delay State of Union Amid Shutdown or Deliver in Writing

UK Finds Breaking Up Is Hard to Do: Market Recon

UK Finds Breaking Up Is Hard to Do: Market Recon

UK Politics and Sterling Are More Volatile Than One Might Think

UK Politics and Sterling Are More Volatile Than One Might Think