Taipei -officially known asTaipei City, is the capital city and aspecial municipalityofTaiwan.Sitting at the northern tip of Taiwan, Taipei City is anenclaveof the municipality ofNew Taipei City.The city is mostly located on theTaipei Basin, an ancient lakebed bounded by the two relatively narrow valleys of theKeelungandXindianrivers, which join to form the Tamsui Riveralong the city's western border. The cityis the political, economic, educational, and cultural center of Taiwan, and one of the major hubs of the Chinese-speaking world. Considered to be aglobal city, itis part of a major high-tech industrial area.Railways, high-speed rail, highways, airports, and bus lines connect the city with all parts of the island.