China will allow two children for every couple, the state-run Xinhua news agency reported Thursday, a move that would effectively dismantle the remnants of the country's one-child policy that had been eased in recent years.

"To promote a balanced growth of population, China will continue to uphold the basic national policy of population control and improve its strategy on population development," Xinhua reported, citing a communique issued by the ruling Communist Party. "China will fully implement the policy of 'one couple, two children' in a proactive response to the issue of an aging population." Xinhua said the proposal needs to be approved by China's top legislature before it can be enacted.

China, now a nation of more than 1.3 billion people, instituted a policy of one child per couple to control population growth in the 1970s. When its propaganda didn't work, local officials resorted to abortions, heavy fines and forced sterilization.

The decision to end the restriction followed a four-day strategy meeting of senior Communist Party officials at a Beijing hotel, CNN's David McKenzie said. He has said the move was foreshadowed by a change in the propaganda: While old advertisements depicted parents doting on one child, he said, a recent commercial showed a boy begrudgingly sharing a toy with his younger sister.