Mista
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Just look at what the US did to Noriega when he try to block the US from using the panama canal.
Or egypt when their government try to nationalize the suez.
The host country can do jack shit, but this is under the assumption that a canal has already been built.
That's my point, China can only resort to war. Is that necessary? The Suez and the Panama skips a continent. The Kra skips what? The Malay peninsula? To save 2-3 days, if there's any savings in the first place? Other major powers like the US has no influence over Thailand? The Thais will definitely bend towards the Chinese? The US won't back Thailand if China invades?