This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Taipei Puts Taiwan on the Map

For more stories like this one, check out our Life & Money section.

Taipei flaunts the tallest building in the world, a 1,670-foot behemoth with eight vertical sections that pierces the sky like a stalk of metallic bamboo; cooks up the best Chinese food in Asia; and hosts the most magnificent museum collection of Chinese art and antiquities in the world. Yet, Taipei, the bustling capital of Taiwan, is virtually off the map for Americans.

It shouldn't be. The metropolis of nearly 3 million is a compelling place, and it is the gateway to Taiwan, a de facto nation of 23 million that mainland China regards as a renegade province. Western executives who parachute in to do deals should stay a while. The island is prosperous, democratic, winningly quirky and surprisingly trendy -- no place more so than Taipei.

Taipei's appeal begins with its rugged physical setting. When viewed from the 91st floor observation deck of Taipei 101, which became the world's tallest building when it opened on New Year's Eve in 2004, Taipei seems swallowed up by the natural landscape. From these heights, the visitor's eye is drawn out past the edge of town to dramatically serrated mountains -- their sharp ridgetops swirled with mist, their slopes cloaked with subtropical greenery -- then drops down to rolling parkland and the river snaking through the craggy natural bowl that envelops the city.

At the base of the building -- 38 seconds away on the world's fastest elevators -- upscale shops such as Mitsukoshi and L'Oreal festoon a five-story shopping mall. Outside, on the street, things are really buzzing. People zip around everywhere on motor scooters. Teenagers with hair streaked in neon colors slurp tapioca "bubble'' milk tea through wide plastic straws -- a fixture in the world's Chinatowns that began in Taiwan. Everyone is chatting, taking photos and text-messaging on handsets; at night, gaggles of young people congregate at meeting places such as the MRT subway's Ximen station, their faces illuminated by glowing mobile phones.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs