threshold in 2016. (11) Since 2016, the International Bank for Reconstruction and Development has approved projects totaling $9,610,000,000 to the People’s Republic of China. (12) Since 2016, the Asian Development Bank has continued to approve loans and technical assistance to the People’s Republic of China totaling more than $10,600,000,000. The Bank has also approved non-sovereign commitments in the People's Republic of China totaling more than $2,400,000,000 since 2016. (13) The World Bank calculates the People’s Republic of China’s 2019 gross national income per capita as $10,390. (b) Statement of policy It is the policy of the United States to oppose any additional lending from the multilateral development banks, including the International Bank for Reconstruction and Development and the Asian Development Bank, to the People’s Republic of China as a result of the People’s Republic of China’s successful graduation from the eligibility requirements for assistance from those banks. (c) Opposition to lending to People's Republic of China The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank to use the voice, vote, and influence of the United States— (1) to oppose any loan or extension of financial or technical assistance by the bank to the People’s Republic of China