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Toshien Chō Taoyuan is a special municipality located in northwestern Taiwan, neighboring New Taipei City to the north-east, Yilan County to the south-east, and Hsinchu County to the south-west. Taoyuan District is the seat of the municipal government and which, along with Zhongli District, forms a large metropolitan area. Taoyuan developed from a satellite city of Taipei metropolitan area to become the fourth-largest metropolitan area, and fifth-largest populated city in Taiwan. "Taoyuan" literally means "peach garden" in Chinese, since the area used to have many peach trees. Formerly a county, Taoyuan became the latest new founding special municipality in 2014. Taoyuan City is home to many industrial parks and tech company headquarters. Due to the city's proximity to Taipei, and the lower cost of living, Taoyuan has had the fastest population growth of any city in Taiwan in recent decades. The city is also home to 116,000 foreign workers, with many coming from Southeast Asia and working in factories or as household caregivers. Taoyuan International Airport, which serves the capital, Taipei and the rest of northern Taiwan, is located in this city.