The big news of the week is that China's one-child policy is being relaxed. After 34 years when most Chinese families were officially limited to only one child, most couples will now be allowed to have two children. The reality, however, is that it will make very little difference.

It will make little difference because only about one-third of Chinese couples were still living under those restrictions anyway. The one-child limit never applied to ethnic minorities, and in the past 15 years it has rarely applied to people living in rural areas either: Couples whose first child was a girl are almost always allowed to have a second child (in the hope that it will be a boy).

Controls were stricter in the cities, but if both prospective parents were only children themselves they were exempt from the limit. And people with enough money can just ignore the rules: the penalty for having a second child is just a stiff fine up front and the extra cost of raising a child who is not entitled to free education. (The fines are reported to have raised $2.12 billion for the state coffers last year alone.)