Abstract: Guangzhou has experienced a rapid economic growth over the past decade, and has entered the stage of the service economy. By analyzing changes in the industrial structure and economic functions of Guangzhou in 2003-2012, and conducting a regression equation model to analysis the relationship between producer services and economic growth, this study finds that: (1)The pulling effects of secondary industry on city's economic development is not strong in this period, meanwhile, the pulling effects of the tertiary industry is much more higher and has maintained at a high level, but the employment structure doesnt match its industrial structure, which indicates that the present status of resource allocation is unreasonable. (2)The status of industry and construction sector has declined, and has changed from basic sector to non-basic sector, and with this transition, the service sector has developed into a basic sectors. (3)The producer service sector has become an important driving force for the future economic development of Guangzhou.