The radial magnetic bearing consists of outer magnetizer, permanent magnet, stator iron core, exciting coil, inner magnetizer ring and rotor iron core. Each stator iron core constitutes four stator magnetic poles, and two stator iron cores constitute eight stator magnetic poles on two, right and left, ends of the magnetic bearing and in four, X, Y, -X and -Y, directions. Each of the stator magnetic poles has corresponding wound exciting coil, and the stator iron core has connected outer magnetizer rings, permanent magnet between two outer magnetizer rings, inside rotor iron core with air gap between the inner surface of the stator iron core and the outer surface of the rotor iron core, and inner magnetizer ring to connect the right and left ends of the rotor iron core to form magnetic path. The present invention has the advantages of low power consumption, small size, light weight, easy manufacture, etc. and may be used as the no-contact support for rotating part in machine.