Taipei is the capital and a special municipality of Taiwan (officially known as the Republic of China, "ROC"). Sitting at the northern tip of the island, Taipei City is an enclave of the municipality of New Taipei City.
The city proper is home to an estimated population of 2,7 million (2015), forming the core part of the Taipei–Keelung metropolitan area which includes the nearby cities of New Taipei and Keelung with a population of 7 million. Roughly one-third of Taiwanese citizens live in the metro district.
Taipei is the political, economic, educational, and cultural centre of Taiwan Island, and one of the major hubs of Greater China. Considered to be a global city, Taipei is part of a major high-tech industrial area.
Taipei and its surrounding areas have long been the foremost industrial area of Taiwan, consisting of industries of the secondary and tertiary sectors. Most of the country's important factories producing textiles and apparel are located there; other industries include the manufacture of electronic products and components, electrical machinery and equipment, printed materials, precision equipment, and foods and beverages.
Tourism is a major part of Taipei's economy. In 2013, over 6.3 million overseas visitors visited Taipei, making the city the 15th most visited globally. Thanks to advances in economic development and the robust transportation systems, important international conferences and exhibitions are frequently held here in Taipei, drawing overseas travellers to visit, do business, stay and study in Taipei City. Its ethnic fusion has styled Taipei to become a melting pot of cultural diversity.