I would suspect that it is simply the subtle art of pushing components closer to their limits... since a laptop is unlikely to be drawing 170W continuously, they may be using PSUs with the same peak ratings but at a lower duty cycle.[1]
(Note that Lenovo itself almost certainly doesn't design nor produce them -- if there's a UL registration number or similar, you may be able to find the actual OEM/ODM.)
[1] You can see something similar in the marketing specs for cars vs. trucks - a performance car may have a 2L engine rated for 300HP, while you can find a truck with a 9L engine also rated at 300HP. The former is unlikely to last for long putting out its rated power.