New Year's Eve fireworks light up the skies around Taipei 101

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      The tallest building in Taiwan, Tapei 101, was actually the highest office tower in the world until it was suprassed by another building constructed in Dubai in 2010.

      But Tapei 101, previously known as the Tapei World Financial Centre, still has some of the most spectacular New Year's Eve fireworks displays in the world.

      That's obvious from the video above, which was taken at midnight Taipei time (8 a.m. Pacific standard time).

      Is it any wonder that people from around the world converge on the Taiwanese capital for New Year's Eve?

      The 101-storey building—with an additional five storeys underground—has also been awarded with LEED Platinimum designation for its environmental innovations.

      In addition, Tapei 101 was built to withstand powerful earthquakes and typhoons that sometimes rock East Asia.

      The tower opened in 2004.

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