New Zealand will give 500,000 dollars (382,000 US) to the Red Cross to help victims of China's earthquake, Foreign Minister Winston Peters said Friday. "The full scale of this disaster is rapidly emerging, and it is important New Zealand does what it can to assist China to make the most effective response possible to this crisis," Peters said. Chinese authorities said Thursday that over 50,000 people had likely died in Monday's 7.9 magnitude earthquake in the southwest of the nation.  People in towns and villages near the quake's epicentre required basic supplies such as shelter, water and food to survive, Peters said.