China has achieved remarkable economic growth and joined the World Trade .
Organization (WTO) in November 2001 .
Since this huge market , with a population of 1.3 billion was approved to enter the international economic system officially , many companies from Japan , the U.S. and Europe have been competing at accelerated speed to start businesses in China . In this businesses climate ,
TAIYO PARKER FLUIDPOWER (SHANGHAI) CO., LTD. was established on February 2003 , with the aim of producing standard hydraulic and pneumatic equipment for the Chinese market .