U.S. fears China is watching Ukraine to see how to treat Taiwan

The Biden administration believes Beijing is gauging the U.S. response to Russian threats to Ukraine as a proxy for how America would deal with more Chinese aggression against Taiwan, Bloomberg reports.

Why it matters: If Putin invades this week, as U.S. intelligence says could happen "any day now," the West would have new worries about the security of Taiwan, which is claimed by China. Beijing has increased military activity nearby in the past two years.