Inner Mongolia Yili Industrial Group Co., Ltd. (600887.SS)

Preparing for war, social unrest or a new pandemic? Chinese companies are raising militias like it’s the 1970s

Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. At least 16 major Chinese firms, including a privately-owned dairy giant, have established fighting forces over the past year, according to a CNN analysis of state media reports.