This is pretty old question and I recently came across this. Also answers says make sure that you have the correct JDK registered in Installed JRE section of Eclipse properties, and that is it. I had the correct JDK registered and that was marked as default, but still I got this error. There is one more missing piece.
Make sure the in the Installed JREs section the name of your target runtime environment is exactly as it is mentioned in your imported project. For example if the error you get is - Unbound classpath container: 'JRE System Library [JavaSE-1.8]'
. Then in Installed JREs you need to have JDK 1.8 registered and its name should be the exact value mentioned in square brackets, which in this case is JavaSE-1.8
.