China's biggest problem is a 'lack of confidence,' Standard Chartered CEO says

Investors are closely watching China , whose stock market gyrations, deflation problem and property woes are casting a shadow over global growth outlook.

" China 's biggest problem to me is a lack of confidence," Bill Winters , CEO of emerging markets-focused bank Standard Chartered , told CNBC 's Dan Murphy .

According to the IMF , demand for new housing in China is set to drop by around 50% over the next decade .