For realistic problems of declining bearing capacity of water resources in Hebei Province, this paper builds a evaluation index system about the reasonable allocation of water resources and applies Intuitionistic Fuzzy Analytic Hierarchy Process (IFAHP) to empirical evaluate the index system in high water consumption traditional industries. Meanwhile, a two-dimensional traditional industry classification coordinates of "water resources allocation-traditional industrial economic benefits" is built, setting different traditional industries to different quadrant through the analysis of the utilization of water resources and economic growth of traditional industries in Hebei Province. And then put forward the path choice for the transformation and upgrading of traditional industries in Hebei province.