Rinse the rice thoroughly in cold water until the water runs clear. This helps the grains stay separate and fluffy.
Bring the water to a boil, then add the rice and cook over medium heat for 12-15 minutes, or until all the liquid is absorbed.
While the rice is cooking, finely chop the onion, garlic, and green onions.
In a large skillet or wok, heat the olive oil or sesame oil over medium heat. Add the onion and sauté until translucent, about 3-4 minutes.
Add the garlic and five-spice powder and sauté for another minute until fragrant.
Add the cooked rice and stir to combine it with the onion and spice mixture, ensuring it is evenly coated.
Pour in the soy sauce, season with salt and pepper, and stir-fry for another 3-5 minutes over medium heat.
Garnish with fresh green onions and toasted sesame seeds. Serve hot as a side dish or a standalone meal.
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