baosteel to lift output Shanghai Baosteel Group plans to produce 22.89 million tonnes of crude steel this year, up 6.9 per cent from last year, Bloomberg reported, quoting a workplace speech by chairwoman Xie Qihua. A company spokesman declined to confirm the numbers. exchange fund adds $36.6b The Exchange Fund increased by $36.6 billion last month, bringing its total foreign currency assets to $904.9 billion. hainan airport busier Hainan Meilan International Airport said it handled 7.47 million passengers last year, up 24 per cent year on year. maanshan forms venture Maanshan Iron & Steel will form a 50:50 venture with British gas supplier BOC Group with initial outlay of about US$100 million.