Could they be only counting the ‘V’ version? As for the other F16s it looks like it is close to 150. Also says they have 60 Mirage Jets.
https://irp.fas.org/world/taiwan/af-intro.htm
The Chinese have positioned thousands of surface-to-surface missiles across the straight from Taiwan.
I’m thinking the commies don’t really want an all-out war that would likely destroy the coveted manufacturing, particularly chip technology.
That said, the Chi-coms want to intimidate Taiwan into giving in to their demands, but make no mistake, the mainland is dead serious regarding the absorption of Taiwan.