Taipei has a pleasant climate with an annual average temperature of 24.2 degrees Celsius.
Eighty percent of the Taipei workforce has higher education backgrounds, and top professional talent continues to drive industrial innovation and entrepreneurship. Taipei has a large number of academic research institutes, such as Academia Sinica, and 24 public and private universities, including National Taiwan University (NTU).
The city’s R&D centers and operational headquarters are the best in Taiwan, among which the Neihu Technology Park and the Nangang Software Park are national industry clusters. Taipei has more than 3,730 registered foreign businesses and attracts over 57% of the total foreign investment in Taiwan. Currently the city's major development fields include the ICT (hardware and software), biotechnology, general merchandising (wholesale/retail), financial services, and MICE industries. Due to the concentration of financial capital, talent, technology, excellent economic activity, and professional services, the city's development is focused on knowledge innovation. The service industry makes up 80.7% of the city's industry, with the remainder shared by the manufacturing, agriculture, forestry, fishery, and livestock sectors.
Due to its advantageous geographical location, safe and comfortable living environment, as well as comprehensive infrastructure such as transportation, information, communications, medical, and education systems, the city attracts many multi-national corporations, international financial institutions, foreign consulates and business organizations to set up bases here. The city of Taipei currently has 2.49 million residents, and it forms the most important metropolitan region in northern Taiwan, along with the neighboring cities of New Taipei City and Keelung. Taipei is the capital city of Taiwan, and it is also Taiwan’s political, economic, and cultural center.
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