The media of developed countries affix the label of liberal capitalism to its oligarchic capitalism. At the same time，they affix the label of state capitalism to emerging countries which support their own private enterprise as same as developed countries. Thus they fabricate the illusion of the dispute between liberal capitalism and state capitalism. They sometimes threaten the emerging countries with war so as to lure and force them into re-taking the neo-liberal road so that they can pass on the economic crisis to these countries and maintain the old international economic order. They also affix the label of state capitalism to China. However，there is an essential distinction between socialist state-owned business and capitalist state-owned business. China should hold high the banner of socialism（with Chinese characteristics），rename the state-owned enterprises for the enterprises owned by the whole people，and strengthen the market alliance with the other BRIC countries which are also suppressed by developed countries. By market for the market，BRIC will facilitate the establishment of a new international economic order.