Taiwan's government is stopping Chinese coffee chain Luckin from opening stores through a local company, and Beijing is angry about it.

• Luckin, China's biggest coffee chain, tried to enter Taiwan through a local firm called Shun Yu Holdings, which had already started hiring staff.
• Taiwan's economics ministry says Luckin must apply through the official channel for Chinese investment instead.
• China's Taiwan Affairs Office accused Taiwan's ruling party of deliberately blocking Chinese goods and hurting local business.
• Luckin wins in China by selling very cheap coffee — often around NT$45 a cup — and opening stores fast.

Outlook: Luckin will likely have to file a formal Chinese-investment application, which Taiwan is unlikely to approve quickly.