Fund managers urge caution on China

China has long been the focus of attention for investors looking for a long-term growth story in emerging markets and specifically in Asia. Although the market has already rallied significantly from recent lows, investors remain generally overweight in this market, citing its economic expansion prospects and optimism over the government's Rmb4 trillion ($586 billion) fiscal stimulus package. While the consensus is clear that China's economy does hold significant promise, not everyone…