The present invention provides a slurry catalyst and a method for preparing the same, and belongs to the technical field of preparing catalyst. Particularly, the present invention provides a slurry catalyst directly used in a slurry bed reactor for synthesizing methanol and dimethyl ether and a method for preparing the same, which uses the complete liquid phase preparation from solution to slurry without the conventional slurry-producing process of firstly forming a solid catalyst and dispersing it into an inert medium after crushing and milling. This catalyst mainly comprises Cu, Zn, Al and Zr, wherein atomic ratios of each of components are Cu/Zn/(Al+Zr)=1/0.1-5/0.15-15 and Zr/Al=1:1.0-1:30, and one or two selected from the group consisting of lanthanide metals, Mn, Mo, Si, V, W, Cr, Mg, Ni, K, Pd, Rh, Ru, Re, Pt and Sr is used a promoter. The catalyst prepared in the present invention has the advantages of good stability, high selectivity of alcohol and ether, good rheological behavior and strong wear resistance.