The OP doesn't mention, but could it be that hedging against bad PR and government incentives for capex purchases are accelerating this. For example, if this t

The OP doesn't mention, but could it be that hedging against bad PR and government incentives for capex purchases are accelerating this. For example, if this trend continues Apple will no longer get bad PR for supporting sweatshops. In the US there were also years (might still be true) where a company fully could write off capex purchases in the first year and not a multi-year depreciation schedule. Perhaps China is doing something similar.