Based on the commercial alloy ZK60 which contains 6%Zn, high strength Mg-6.0%Zn-1.0%Y-0.6%Ce-0.6%Zr magnesium alloy bars of 10 to 50 mm in diameters were prepared by rapid solidification (RS) and extrusion processes （RSE）. For those RSE solid bars, the ultimate tensile strengths steadily maintain on a level of 490 to 520 MPa, the elongations are between 6 to 10%. The HV50 hardness is between 85 and 90. In order to reveal materials microstructures both RS ribbons and RSE solid bars, the Mg-6.0%Zn-1.0%Y-0.6%Ce-0.6%Zr alloy was analyzed with an optical microscopy (OM), a scanning electron microscopy (SEM) equipped with an energy-dispersive X-ray spectrometer (EDS) and an X-ray diffraction apparatus. It was found that the microstructure of the RS ribbon consists of super saturated (Mg) solid solution; thermally stable Mg3Y2Zn3 (W) and Mg7Ce2 intermetallic compound particles which uniformly dispersed interior grains and W and Mg7Ce2 compound networks at grain boundaries. After extrusion, the microstructure of RSE Mg-6.0%Zn-1.0%Y-0.6%Ce-0.6%Zr solid bar consists of the same phases as the RS ribbons. The networks existing at RS ribbon’s grain boundaries were break up into submicron particles and dispersed uniformly on the matrix formed after extrusion.