With two rounds to go, hosts China already booked three titles in the women's singles, women's doubles and mixed doubles.
Lin edged South Korean top player Park Sung Hwan 21-15, 13-21, 23-21 in a hard-fought quarterfinal before Beijing Games runner-up Lee eased past China's Du Pengyu 21-19, 21-15 to set up a rematch with Lin.
Lin squandered five match points after leading 20-15 before he clinched the win in 69 minutes, the second longest match in the men's singles by far at this tournament.
"I was slow to find my form because I was not quite concentrated. After the world championships, I have been more focused on preparing for the national games," said the 26-year-old.
"To be honest, I was given a cold sweat by Park, who was perseverant and played well today," he added.
Lee said he was prepared to face Lin.
"I am well prepared now. Lin is a long time rival of mine, so I'd better keep a good state of mind," said Lee, 27.
The Danish ship completely sank at this six-day tournament when third seed Peter Gade, the last Dane left at the event, lost to Thailand's Boosak Ponsana 21-16, 19-21, 21-18.
World number three Gade protested as the umpire ruled a Ponsanastroke inside when he led 11-10 but was met with a warning.
The 32-year-old admitted that he was affected by the rule.
"The umpire made mistakes and I said 'what happened'. But she gave me warnings. (I was) angry," he said.
In the last men's singles match, world number two Chen Jin beat fellow Chinese Chen Long 21-16, 8-21, 21-16.
China effectively secured the three titles after Chinese players swept the respective quarterfinals.
In the women's singles, qualifier Wang Xin stunned French seventh seed Pi Hongyan 21-11, 21-10 following her surprising win over fifth seeded Dane Tine Rasmussen in the second round.
World championships bronze medalist Wang Lin worked her way past South Korean Kim Moon Hi 21-19, 21-18 to face Wang in the last four.
Wang Shixian, 19, overcame All England Open titlist Wang Yihan 21-18, 21-18 to face reigning world champion Lu Lan who brushed aside world number one Zhou Mi from Hong Kong, China, 21-10, 21-17.
All-England Open mixed doubles winners He Bin/Yu Yang eliminated the only non-Chinese pairs Ko Sung Hyun/Ha Jung Eun from Sout Korea 21-15, 21-17 to set up a semifinal clash with Xie Zhongbo/Ya Yawen who pushed aside Zheng Bo/Tian Qing 21-13, 21-18.
Chen Zhiben/Zhang Jinkang and Tao Jiaming/Wang Xiaoli each won their all-Chinese quarterfinals to advance.
Top seeded women's doubles duo Cheng Shu/Zhao Yunlei continued their run for a successful defense of the title as they beat ZhangDan/Zhang Zhibo from Macao, China, 21-18, 21-16 and Pan Pan/Tian Qing clinched a 21-16, 21-19 win over former Olympic champions Yang Wei/Zhang Jiewen who retired from the national team last year.
Beijing Olympics champions Du Jing/Yu Yang pulled off the victory over teammates Ma Jin/Wang Xiaoli 19-21, 21-12, 21-12 to take on Gao Ling/Wei Yili.
World champions Cai Yun/Fu Haifeng next meet South Korean Cho Gun Woo/Yoo Yeon Seong in the men's doubles semifinals where Choong Tan Fook/Lee Wan Wah from Malaysia play China's Guo Zhengdong/Xu Chen.
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