Taiwan wants dialogue with China but cannot accept its proposal for 'one country, two systems', President Tsai Ing-wen said on Wednesday after being inagurated for her second and final term in office. 'Here, I want to reiterate the words 'peace, parity, democracy, and dialogue'. We will not accept the Beijing authorities' use of 'one country, two systems' to downgrade Taiwan and undermine the cross-strait status quo. We stand fast by this principle,' she said in a speech. China uses this system, which is supposed to guarantee a high degree of autonomy, to run the former British colony of Hong Kong, which returned to Chinese rule in 1997. It has offered it to Chinese-claimed Taiwan too, though all major Taiwanese parties have rejected it.