HONG KONG, March 31 -- Philippine President Gloria Macapagal-Arroyo said here Monday that relations between the Philippines and China are stronger than ever.

    Arroyo made the remarks when answering questions at a luncheon of the Credit Suisse Asian Investment Conference.

    The Philippines benefits from the fast growing economy of China, which is acting as a responsible country in the neighborhood, she said.

    At the Luncheon, the president gave a keynote address titled " Modernization, Investing in the Future", briefing the participants on the economic status and investment opportunities in her country.

    Year 2007 was the best time for the Philippine economy in over 30 years, she said, noting that the economy grew by 7.3 percent last year with steady and strong foreign investments.

    Arroyo said that 2008 holds real promise. "Not only do we expect continued strong growth, but as a result of our total economic overhaul, we are well-positioned to weather a global economic slowdown which, unfortunately, will affect all of us. "

    "The best thing we can do for the remainder of my term until I step down in 2010 is to stay focused on further economic reforms while providing peace, order and stability," she said.

    "Most importantly, my last two years will be dedicated to one main objective: to invest, invest and invest some more in our nation," she said.

    "Overall, we remain bullish on our economy, optimistic about our future and deeply committed to being a force for good in our nation and in our region," she said.

    Arroyo arrived in Hong Kong on Sunday and is expected to leave Tuesday.