Well I take a differing viewpoint. If it is actually true that the Chinese are piling in buying hotels then how have they got round the Thai law of only allowing 49% Foreign ownership ? Now the Chinese are world renowned as astute businessmen, unlike the elite/hiso Thais who rely on patronage/bribes to acquire wealth. The regular Thais, the normal ones, not the hiso elite will be employed by these hotels as they are now so no change. In fact as the Chinese may well adopt a more progressive business model their business will grow so hence more employment for locals. Remember the elite Thai give bribes and gifts in millions of baht annually to certain people, the Chinese will have none of that if it effects their business growth. All in all The Thai elite have brought it on themselves and it will be to the benefit of normal Thais far more than it is now. In my opinion anyway.
Stardust, I agree with a lot of what you wrote, except for zero developed part. There are now exceptions. One of them is XPENG.
https://www.crunchbase.com/organization/xiaopeng-motors - "Xpeng is equipped with experts from top companies in the field such as Tesla, Mercedes-Benz, Porsche, Ford, Mazda, GAC Motor, Alibaba Group, Tencent, Huawei, P&G and Mi, and more."
Not surprising is that they have an office in Silicon Valley, CA, USA. If you look at how American tech companies have dominated, they were always able to lure and hire the smartest people from anywhere. XPENG is doing the same.
I started following the company about 9 months ago. Li, Nio and Xpeng are the big 3 in EV in China. Nio gets a lot of publicity but I think it's a lot of hype. Li is only doing hybrids currently which makes sense with the very limited amount of charging stations. Xpeng went the low price route originally, but is upscaling and has the superior tech. Their autonomous software is rated as the best currently available. I own 1,000 shares. Almost also bought Li but decided I didn't want to risk too much on Chinese stocks.