Fringe projection profilometry (FPP) has been widely used in 3D measurement due to its high precision and non-contact properties. Nevertheless, it still faces great challenges in measuring scenes with complex reflectivity, in which the dynamic range of the reflected light field of the scene is significantly higher than that of the image detector. In this paper, we propose a time-slicing strategy for high dynamics range 3D imaging by projecting a series of sinusoidal fringe patterns with short and equal length exposure time and performing the fusion of different numbers of short exposure images according to the local gray-value distribution of the images. Moreover, to further improve the measurement efficiency, we realize phase unwrapping using complementary Gray code patterns, which are binary and insensitive to the image sensor’s nonlinear response to the reflected light from the scene under test. Experiments are conducted to demonstrate the feasibility and efficiency of the proposed method.