China has failed to bolster protections for intellectual property (IP) and to open its market to more foreign companies, despite Beijing's promises to reform, the Trump administration said Thursday.

The U.S. kept China on a “priority watch list” of nations that don't adequately protect IP rights, according to the annual report of the U.S. Trade Representative's office (USTR) on IP practices around the world.

“Despite a broad government reorganization, including of intellectual-property responsibilities among government agencies, and proposed revisions to IP laws and regulations, China failed to make fundamental structural changes to strengthen IP protection and enforcement, open China's market to foreign investment, allow the market a decisive role in allocating resources, and refrain from government interference in private sector technology transfer decisions,” USTR said.