Srikanth paid the price for being too erratic as he lost 14-21 14-21 in 35 minutes to Chen, who has been in good form this season with three titles from five final appearances.
Chen played with a lot of confidence, something which the Indian seemed to have lacked during the match as he gave away easy points.
In the opening game, Srikanth did well initially to grab a 10-8 lead but after the break, Chen dominated the proceedings. Eventually a roaring smash earned him the game point and he sealed it when Srikanth's return went wide.
In the second game, Srikanth struggled again and was 4-10 down at one stage but he produced a towering smash and two unforced errors from his rival took him to 7-10.
A net error from Srikanth gave a 11-7 lead to Chen at the break.
After the breather, Chen again dominated the rallies even as Srikanth fell in a heap of errors.
Lagging 11-18, Srikanth produced another smash to take a point but Chen soon had eight match points when the Indian hit long.
Srikanth saved two match points before Chen sealed it with another precise return.