In 2023，under the complicated and ever-changing situations at home and abroad，Zhuhai’s main economic indicators were under pressure，and the overall of Zhuhai recovered slowly. Among them，Zhuhai’ls industrial economic growth slowed down，fixed asset investment in almost all industries declined，and the foreign trade economy continued to fluctuate；residents’ consumption and income growth were slow. This report concludes that Zhuhai faced many challenges and risks，including trends of decline in Zhuhai’s overall economic growth，drastic adjustments in Zhuhai’s real estate industry，slow population growth and intensified aging trends，and a high leverage ratio of local fiscal debt. This report proposes that the government should adjust and optimize real estate regulation policies to stabilize and restore consumption，investment and employment in the real estate industry chain；expand government spending，improve the efficiency of government funds，to achieve a multiplier effect of government funds；especially，it is necessary to seize the opportunities of the Fourth Industrial Revolution，improve total factor productivity，and achieve high-quality development.