China's self-developed film projection system achieves technological upgrade, goes overseas

China

China's self-developed film projection system achieves technological upgrade, goes overseas

2024-08-14 21:41 Last Updated At：08-15 15:37

China's domestic film projection system has achieved technological upgrade and broken the monopoly of foreign companies in this field, not only expanding the domestic market, but also reaching out to the international market.

The country's independently developed HeyLED screen is 10 meters wide and comprises over 110 cabinets and more than 2.3 million LED pixels to form a small unit that emits independently, covering the entire light-emitting surface.

"Its brightness can reach five to 10 times that of traditional projectors. In terms of contrast ratio, regular films typically have a contrast ratio of about 300:1, but the LED screen can achieve 30,000:1 or higher, resulting in pure black in dark areas and exceptionally bright in bright areas. The details in both bright and dark parts of the movie are showed more accurately," said Chen Weijun, general manager of Shenzhen Timewaying Technology Co., Ltd.

So far, HeyLED screens are not only widely used in cinemas across major cities in China, but are also exported to countries such as the United States, the United Arab Emirates (UAE), Romania, and others.

There are a total of 18 production companies globally that have received DCI certification for LED movie screens, with 13 of them being Chinese enterprises.

In addition to making continuous breakthroughs in independently developed projection technology, China has recently officially released the first ISO film standard, led by the China Research Institute of Film Science and Technology.

"There is a unified international standard. The technical requirements and test methods for digital cinema stereoscopic projection are the first global industry technical standard led by China. It has won the leading position for domestic film equipment to enter the international market and participate in international competition," said Dong Qiangguo, deputy director of the institute.

World Bank forecasts 24-pct surge in energy prices in 2026

The World Bank predicted Tuesday that energy prices may surge 24 percent in 2026 to their highest level since the Russia-Ukraine conflict erupted in 2022 due to the war in the Middle East, while overall commodity prices are projected to increase 16 percent.

In its latest Commodity Markets Outlook released on Tuesday, the World Bank said that attacks on energy infrastructure and shipping disruptions in the Strait of Hormuz, which handles about 35 percent of global seaborne crude oil trade, have triggered the largest oil supply shock on record, with an initial reduction in global oil supply of about 10 million barrels per day.

Fertilizer prices are projected to increase by 31 percent in 2026, driven by a 60-percent jump in urea prices, while prices for base metals, including aluminum, copper and tin, are expected to reach all-time highs.

Precious metals prices are forecast to increase 42 percent as geopolitical uncertainty fuels demand for safe-haven assets.

Commodity prices could rise even higher if hostilities escalate or supply disruptions from the Iran war last longer than projected, the report said.

Indermit Gill, the World Bank Group's chief economist and senior vice president for Development Economics, said the war is hitting the global economy in cumulative waves, warning that poorer populations will be hardest hit.