Li predicts bright future for real estate

Speaking in Davos, premier dispels fears of an immediate or systematic burst in property sector

Premier Li Keqiang backed China's declining real estate sector on Wednesday and forecast huge potential for the industry in remarks to assure overseas corporate leaders that the country's door will open wider.

Speaking at a question-and-answer session with members of the International Business Council of the World Economic Forum in Davos, Switzerland, Li dispelled concerns about an immediate or systematic burst in the property market.