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A powerful and rapidly intensifying typhoon is barreling toward Taiwan, disrupting ongoing military drills and prompting authorities to close financial markets, schools and offices. Typhoon Gaemi is expected to strengthen into a super typhoon before making landfall on Taiwan’s northeastern coast Wednesday evening. It is then forecast to continue toward China’s Fujian province on Thursday, bringing more strong winds and downpours to a country already hit hard by weeks of extreme rain and deadly flooding. Gaemi is currently the equivalent of a Category 4 hurricane in the Atlantic, with maximum sustained winds of 220 kilometers per hour (140 miles per hour), according to the Joint Typhoon Warning Center (JTWC). It will land near the epicenter of April’s earthquake in Hualien county. The 7.4 magnitude quake was the largest Taiwan had seen in 25 years, injuring more than 1,000 people and collapsing buildings. Taiwan is often struck by typhoons and has a generally strong track record…