Is the Red Fifth Ring Road closed?

Not closed down. According to the query of official website of the Red Fifth Ring Road, the predecessor of the Red Fifth Ring Road Group was founded in 1997. It is an enterprise group with Red Fifth Ring Group Co., Ltd. as its parent company, with an annual production capacity of 200,000 sets of general machinery, construction machinery, tunnel machinery, power machinery and mining machinery. As of April 19, 2023, the company operated normally and did not go bankrupt. Closure refers to the closure of enterprises or shops due to losses.