NEW : Storm 124 miles ( about 200 km ) southeast of Taiwan , CNN meteorologist says . NEW : Mudslides and landslides occur already Friday 2 a.m. GMT . ` This storm has already dumped about 400 millimeters ( 16 inches ) of rain in the central and southern part of the island , and they 're still expecting another 500 ( 20 inches ) to 800 millimeters ( 32 inches ) of rain over the next 24 to 48 hours , '' he said . NEW : Airlines cancel flights ; schools , government offices , stock exchange closed . Taipei is vulnerable to flash flooding , mudslides because mountains are near sea .
NEW : Storm 124 miles ( about 200 km ) southeast of Taiwan , CNN meteorologist says . NEW : Mudslides and landslides occur already Friday 2 a.m. GMT . NEW : Airlines cancel flights ; schools , government offices , stock exchange closed . Taipei is vulnerable to flash flooding , mudslides because mountains are near sea .