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Chairman said interest rates will go higher for longer than expected. on the foreign front, china reopening could push inflation, their population increases demand and we see inflation. the chinese president yesterday calling out the u.s. directly for suppressing the chinese economy and causing challenges, the foreign minister says the u.s. needs to change their attitude or face consequences. fbi warns tiktok is national security threat, with recent escalation from china, white house press secretary said there will be no change in approach to china. >> is there concern a want competition over ...

First choice. 20% named desantis. former maryland governor larry hogan said he will not seek the gop nomination. the moderate said he was concerned his presence in a crowded field could help trump win the nomination. china's national legislature meeting today. the country's leaders using the annual gathering to lay out their plans to boost the chinese economy and restore public confidence. after a year of missteps and protests trigger by the now abanneaban abandoned covid policy. cnn a's steven jiang reporting. >> there's little doubt that the nearly 3,000 lawmakers will endorse every propos...

The 7.2% increase in military spending in the budget is coming after china posted a 3% increase in gdp for 2022. so this is sort of like china trying to accelerate or keep up or trying to make up for the loss, whatever it is, trying to bring its military spending to a certain level. the rivalry between us and china, always seeing what china will do, with a higher military budget, and the spokesperson for the chinese national people's congress, he said at the press conference yesterday, it is reasonable, china needs to boost, needs to have higher military spending. because, you know... i was ju...

Rachel: brooke singman joins us now. >> reporter: china injecting even more money into its military as the chinese nation says the, quote, boosting its prepare preparedness, a 7.2% military budget increase also pledging a, quote, peaceful unification with taiwan curl an crease to the country's parliament. listen. >> translator: as we chinese on both sides of the taiwan strait are one family bound by blood, we should advance economic and cultural exchanges and cooperation across the taiwan strait. >> reporter: the u.s. has vowed to defend taiwan eastertorial integrity. taiwan's people are not i...

And they certainly. don't believe that a reunification would be feasible. >> reporter: i mean, we don't can know what china is doing. they can say 7.2%, but they could have been increasing their military budget for, you know, months and months here when it comes to their the ambitions with taiwan with. rachel: so you speak to people in the biden administration, do they think that we're on track to, you know, this could be world war iii. >> reporter: it absolutely could, and biden administration if officials don't believe that that china will actually invade taiwan curl this administration -- c...