China blames Omicron case in Beijing on parcel sent from Canada


New Delhi, Jan 17 | The single Omicron case detected in Beijing was traced back to an international document from Canada, and it was found to have similar strains from those in North America and Singapore, the Global Times reported citing health authorities in the Chinese capital as saying.

The authorities said that Omicron variant was detected on the outer package, internal surface and papers of the mail.

The patient who was found with Omicron on January 15 had received an international mail on January 11 which was sent from Canada on January 7, transferred via the US and China’s Hong Kong region to Beijing.

Combined with the epidemiological studies, the testing results of suspicious samples and the gene sequencing result of the case, the possibility that the Beijing case was infected by the virus through the international mail cannot be ruled out, the Global Times quoted Pang Xinghuo, deputy director of the Beijing centre for disease control and prevention, as saying to reporters.

The Omicron strain of the patient in Beijing is similar to those of North America and Singapore in December 2021, Pang said.

The Beijing health authorities ruled out the possibility that the case has any relation with Omicron-infected outbreaks in other Chinese cities.

The patient only had contact with the outer package of the document and the front page of the document inside the mail. She did not touch the internal surface of the mail or other papers.

Testing results on 22 samples relating to the mail showed Omicron was detected in two samples of the outer surface of the mail package, two samples of internal surface of the package as well as eight samples of the paper inside, the report said.

Previously, China reported multiple outbreaks in relation to imported goods.

The Covid-19 virus can survive for a long time in low temperature, thus the risk of goods causing the viral transmission increases in winter, Pang said, suggesting people reduce purchasing overseas commodities as the epidemic overseas is rampant.

The Beijing health authorities reminded people to take precautionary measures when receiving mail or goods from overseas by wearing masks and gloves and disinfecting and disposing of the packages properly.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.


Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India


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