build: update build to align with the minimum React version

[zchenwei]

Description of changes

The current minimum react version we claim to support is 16.8.0. However, the dev version we use to build our library is 17.0.2. This could be problematic since it would introduce some types missing from React 16. Like #2160

Issue #, if available

#2160

Description of how you validated changes

Testing against a sample app running on React 16.8.0, 17 and the latest 18.

Checklist

• [x] PR description included
• [ ] yarn test passes
• [x] No side effects or sideEffects field updated

By submitting this pull request, I confirm that my contribution is made under the terms of the Apache 2.0 license.

[changeset-bot[bot]]

⚠️ No Changeset found

Latest commit: fc24e6eb9b0cd31434d6a650a765352b2e4e989c

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[zchenwei]

Closed per discussion offline #2594