Combine the sliced beef with the marinade ingredients: the neutral oil, Shaoxing wine, light soy sauce, cornstarch, water, and baking soda. Marinate for 1 hour. The beef should still look quite moist after marinating, almost slick rather than dry or chalky. If it looks too dry, add a tablespoon of water to it. That moist texture matters because it helps the coating grab on later.
In a small bowl, mix the sauce. Dissolve the brown sugar in the hot water or stock, then stir in the light and dark soy sauces. Stir until the sugar fully disappears. You want a smooth, dark liquid with no gritty sugar sitting at the bottom.
Next, dredge the marinated beef slices in the cornstarch until thoroughly coated. Make sure each piece gets covered well. A thin, even layer is better than big clumps. I usually separate the slices with my fingers as I coat them so they don't stick together in one giant beef puzzle.
Heat 2/3 cup neutral oil in a wok over high heat. Just before the oil starts to smoke, spread the flank steak pieces evenly in the wok, and sear for 1 minute on each side, until you have a crispy coating. You should hear a loud sizzle, not a soft hiss. Turn off the heat and transfer the beef to a plate. The beef does not need to be fully finished inside at this stage, because it goes back into the sauce later.
Drain the oil from the wok, saving it for other cooking, and leave 1 tablespoon behind. Turn the heat to medium-high. Add the ginger and dried chili peppers, if using. If you want the dish spicier, break 1 to 2 chilies in half. After about 15 seconds, add the garlic and white parts of the scallions. Stir for another 15 seconds and add the premixed sauce. The wok should smell amazing here, all garlic and ginger with that quick toasted chili aroma.
Let the sauce simmer for about 2 minutes, and slowly stir in the cornstarch slurry mixture. Cook until the sauce has thickened enough to coat the back of a spoon. Watch closely. Honestly, this is the moment where it can go from loose to thick very quickly.
Add the beef and green parts of the scallions, and toss everything together for another 30 seconds. The scallions should just be wilted, and there should be almost no liquid left, since the sauce should cling to the beef. If you still have sauce, increase the heat slightly and stir until thickened. Plate and serve with steamed rice.