Billionaire urges Taiwan to ‘prepare for the worst’

News Snapshot:

“When Xi met Biden in October and said I’m not going to invade Taiwan, not in 2017 nor in 2035, he sent a very relaxed message across the Taiwan Strait,” he told The Australian Financial Review in his luxury condo in Taipei on the eve of Saturday’s election. “I don’t think he is lying, I think he is quite serious,” Mr Tsao said, referring to a meeting between Xi Jinping and Joe Biden in San Francisco last year. “The Chinese economy is falling apart. The consumption is not there, investment is not there, foreign investment had dropped significantly, and the...