Meaning of páng:
páng
旁
Noun
one side; lateral component of a Chinese character (such as 刂[dao1], 亻[ren2] etc)
Tā zuò zài wǒ de pángbiān.
他坐在我的旁边。
He is sitting next to me.
Zhège zì de yīgè zǔchéng bùfèn shì páng.
这个字的一个组成部分是旁。
One of the components of this character is the lateral.
Adjective
other; different
Tā zhàn zài wǒ de páng biān.
他站在我的旁边。
He is standing next to me.
Nàge shāngdiàn jiù zài yínháng de pángbiān.
那个商店就在银行的旁边。
The store is right next to the bank.