Beijing, formerly romanized as Peking, is the capital of the People's Republic of China, the world's third most populous city proper, and most populous capital city. The city, located in northern China, is governed as a direct-controlled municipality under the national government with 16 urban, suburban, and rural districts. Beijing Municipality is surrounded by Hebei Province with the exception of neighboring Tianjin Municipality to the southeast; together the three divisions form the Jingjinji metropolitan region and the national capital region of China. As a city combining both modern and traditional architecture, Beijing is a megacity rich in history.
An important global power city and political capital, and described as "a cradle of humanity", Beijing exerts an extraordinary amount of global influence in politics, business and economy, literature, education, history, culture, architecture, art, sports, innovation, science and technology, tourism, and language of the world. The city ranks highly in capital status, international influence, quality of life, consumption level, and finance. It is also regarded as the "Billionaire Capital of the World".