China is in the period of transformation of development mode，optimization of economic structure and transformation of growth power. Structural，institutional and cyclical issues are intertwined. The impact of “three periods of superposition” continues to deepen，and downward pressure on the economy increases. An in-depth analysis of Guangzhou’s economic operation and a grasp of the changes in the development environment at home and abroad will help us to strengthen our confidence，face difficulties and move forward，and promote the high-quality development of Guangzhou’s economy. In 2019，Guangzhou adhered to the general tone of striving for steady progress，and made overall plans to promote steady growth，promote reform，adjust structure，benefit people’s livelihood，prevent risks and ensure stability，so as to improve economic performance while maintaining stability. At the same time，Guangzhou is still at an important juncture in the transformation of old and new kinetic energy，and still faces problems that can not be ignored，such as outstanding difficulties in the real economy，high slowdown in investment growth，and weak growth of foreign trade exports. In 2020，Guangzhou should focus on key points，make efforts with precision，intensify the work of “sixstable”，fully implement the tasks of “six guarantees”，and strive to promote high-quality economic development.