Hong Kong's economy contracted by 4% in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID-19. The city's economy is faced with difficulties but Hong Kong's economic fundamentals have not wavered. In this episode of BizBeat, CGTN's Lily Lyu explains that with its reliable infrastructure, its status as a free port, its excellent business environment, Hong Kong's economy is still competitive.