"We have chosen to stand on the side of democracy" says Taiwan's new president-elect Lai Ching-te, speaking at a rally after winning the country's presidential election. Lai, branded by Beijing as a threat to peace in the region, on Saturday secured Taiwan's ruling DPP a third term in power. "Only dialogue and exchange can mitigate the risks in the strait" says Lai, who won 40.1 percent of the votes, according to the Cenrtal Election Commission. SOUNDBITE