In a small bowl combine the hoisin sauce, soy sauce, molasses, ginger, garlic, honey and garlic chili sauce. Blend the sauce using an immersion blender until smooth. In you do not have one, that is fine, your sauce will just be a little chunkier.
Place the short ribs into large enamel Dutch oven or other oven safe dish, cover with marinade, turning to coat. Cover and allow to marinate at room temperture for 20-30 minutes.
Preheat the oven to 300°F. Add the short ribs, covered, in Dutch oven to lower third of oven. Braise for 2 hours.
Remove the lid and turn the short ribs in the sauce and continue to cook for an additional 45 minutes uncovered, allowing the sauce to reduce.
Remove the pot from the oven and remove short ribs to a plate. Transfer the sauce to a fat separator, or ladle off fat from the top of sauce. Return the skimmed sauce back to the Dutch oven, along with short ribs. Turn to coat again. Serve over Fried Rice with additional sauce.
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Notes
For the Instant Pot: Use the same process/recipe, but cook for 40 minutes on high pressure using natural release for 10 minutes before venting.