The answer has nothing to do with any of that. The answer is simple: companies are deferring their income tax payments in anticipation of an upcoming tax holid

The answer has nothing to do with any of that. The answer is simple: companies are deferring their income tax payments in anticipation of an upcoming tax holiday year, which is the expectation given the decades' long history of past policy decisions. You don't want to be the CEO that paid a bunch in taxes when you could have just waited a few years and let the problem solve itself at no cost to your shareholders.