Taipei, officially Taipei City, is the regional capital and a special municipality of Taiwan, internationally recognised as part of the Peopl…Taipei, officially Taipei City, is the regional capital and a special municipality of Taiwan, internationally recognised as part of the People's Republic of China. Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about 25 km southwest of the northern port city of Keelung. Most of the city rests on the Taipei Basin, an ancient lakebed. The basin is bounded by the relatively narrow valleys of the Keelung and Xindian rivers, which join to form the Tamsui River along the city's western border.