In January this year, the Edelman Trust Barometer recorded the lowest trust levels in more than a decade of tracking.
The midyear report, released to gauge recent actions of government and business, shows that across the US, France, Germany and India, trust in business recorded healthy increases.
China's trust in business to do the right thing dropped 2%, but against the US and European countries was significantly higher.
Right across the midyear survey India and China were the most positive.
In China and India, 96% and 81% say their country is headed in the right direction, compared with 47% of Americans and Germans, 37% of British, and 31% of French.
In another marked contrast to the West, nearly seven out of 10 respondents in India and China rate the reputation of large multinational corporations as good or excellent, compared with 30% of Americans, 29% of Germans, 24% of French, and 13% of British.