The issue of inheriting and developing traditional handicrafts in this contemporary society is being explored by all walks of life in China. Taking the olive-stone carving in Guangzhou as a case, field investigations and analyses of its current situation of inheritance have been conducted. It has been found that although the government in Guangzhou has been paying more attention to olive-stone carving, there are still many problems, including the shortage of raw materials, no inheritors, low market recognition, and inadequate promotion. Therefore, the local government has cooperated with schools and craftsmen to search for key solutions in regard to raw material protection, training of inheritors, product development, and product promotion.